Aircraft in Northwest Territories
A Northwest Territories corporation buying aircraft and aviation equipment on or after September 15, 2026 can deduct 100% of the cost in the year the property is available for use. Combined tax rates in Northwest Territories: 11.0% on small business income and 26.5% at the general rate.
Aircraft in Northwest Territories
Worked examples
| Purchase | Old year-one deduction | New year-one deduction | Tax reduction (small business) | Tax reduction (general rate) | NPV benefit (general) |
|---|---|---|---|---|---|
| $25,000 | $3,125 | $25,000 | $2,750 | $6,625 | $1,254 |
| $100,000 | $12,500 | $100,000 | $11,000 | $26,500 | $5,018 |
| $250,000 | $31,250 | $250,000 | $27,500 | $66,250 | $12,545 |
The NWT general rate is 11.5%. Personal use of a corporate aircraft creates a taxable benefit. Track business use carefully.
See also: all assets in Northwest Territories · Aircraft in other provinces
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