NWT Cost of Living Offset Calculator (unofficial)
This calculator estimates the Northwest Territories cost of living offset (NTCOLO) credit amount. Update the input values as required, then click Calculate to display the result.
Estimated NTCOLO amount: $441.00
To estimate the Northwest Territories cost of living offset (NTCOLO) amount provide the following information:
- Zone - location (see below).
- Marital stratus - single or married/common law.
- Number of children - enter the number of children under 18 years of age.
Click Calculate to display the results. Provided values are estimates only. Consult the NWT Cost of Living Offset web page or your tax advisor for an exact determination.
Please note that this calculator does not take into account the federal GST/HST credit. See Goods and Services Tax/Harmonized Sales Tax (GST/HST) Credit Calculator...
About Northwest Territories Cost of Living Offset Credit
The Northwest Territories Cost of Living Offset (NT COLO) credit is a tax-free payment to individuals and families to help offset the cost of the Northwest Territories carbon tax.
The program provides an annual base credit that considers the direct and indirect cost of the carbon tax paid by an average NWT household. The base amount for the period between July 1, 2024 and June 30, 2025 is $416.00 per adult, and $480.00 per child under 18 years of age.
Residents also receive an additional regional heating amount that varies based on the region ("zone") where they live. Residents living in higher fuel use areas will receive higher COLO payments.
- Zone 1 - communities with low fuel use: Colville Lake, Dettah, Enterprise, Fort Good Hope, Fort Resolution, Fort Smith, Hay River, Kakisa, Katl'odeeche, Ndilo, Wrigley, Yellowknife.
- Zone 2 - communities with moderate fuel use: Aklavik, Behchoko, Deline, Fort Liard, Fort McPherson, Fort Providence, Fort Simpson, Gametì, Inuvik, Jean Marie River, Lutselk’e, Nahanni Butte, Sambaak’e, Tsiigehtchic, Tuktoyaktuk, Wekweèti.
- Zone 3 - communities with high fuel use: Norman Wells, Paulatuk, Sachs Harbour, Tulita, Ulukhaktok.
The credit is not subject to a benefit reduction based on income.
Eligible NWT residents do not have to apply for the credit. The Canada Revenue Agency will determine eligibility and will issue payments to all eligible individuals. However, individuals must file their annual income tax return in order to receive the NTCOLO credit.
The payment is combined with the quarterly payment (in July, October, January and April) of the federal GST/HST credit.
For more information, check the official NWT Cost of Living Offset web page.
See also:
Canada Child Benefit (CCB) Calculator
Canada Pension Plan (CPP) Calculator
OAS Pension, GIS, and Allowance Calculator
Employment Insurance (EI) Benefits Calculator
TFSA Calculator
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