Heavy trucks and tractors in Northwest Territories
A Northwest Territories corporation buying heavy trucks and highway tractors 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.
Heavy trucks and tractors 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 | $5,000 | $25,000 | $2,750 | $6,625 | $678 |
| $100,000 | $20,000 | $100,000 | $11,000 | $26,500 | $2,712 |
| $250,000 | $50,000 | $250,000 | $27,500 | $66,250 | $6,781 |
The NWT general rate is 11.5%. A unit delivered and plated before year-end is available for use even if it has not started a route.
See also: all assets in Northwest Territories · Heavy trucks and tractors in other provinces
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