5012-TC Protected B when completed 2025 Form NT479 Northwest Territories Credit You can claim this refundable tax credit even if you do not have to pay any tax. If the total of this credit is more than the amount of taxes you have to pay, you may get a refund for the difference. Complete the calculations that apply to you and attach a copy of this form to your paper return. For more information about this credit, including credit eligibility requirements, go to canada.ca/nt-tax-info. Cost of living tax credit Adjusted net income Line 1: Amount from line 23600 of your return ^ Line 2: Enter the total of amounts claimed on line 24400 and line 25000 of your return. ^ Line 3: Line 1 minus line 2 (if negative, enter "0") = ^ Line 4 and line 62450: Amount claimed for foreign income from line 25600 of your return that is exempt under a tax treaty ^ Line 5: Line 3 minus line 4 (if negative, enter "0") Adjusted net income = ^ Basic credit for self If your adjusted net income from line 5 is $66,000 or more, enter $942 on line 13. If not, use the amount from line 5 to complete the appropriate column below. *** Transcriber's Note: Use column 1 if the amount on line 5 is $12,000 or less. Use column 2 if the amount on line 5 is more than $12,000, but not more than $48,000. Use column 3 if the amount on line 5 is more than $48,000. *** Column 1: Line 5 is $12,000 or less Line 6: Amount from line 5 ^ Line 7: 0.00 Line 8: Line 6 minus line 7 (cannot be negative) = ^ Line 9: Rate 2.6% Line 10: Line 8 multiplied by the percentage from line 9 = ^ Line 11: 0.00 Line 12: Line 10 plus line 11 Enter this amount on line 13. = ^ Column 2: Line 5 is more than $12,000 but not more than $48,000 Line 6: Amount from line 5 ^ Line 7: 12,000.00 Line 8: Line 6 minus line 7 (cannot be negative) = ^ Line 9: Rate 1.25% Line 10: Line 8 multiplied by the percentage from line 9 = ^ Line 11: 312.00 Line 12: Line 10 plus line 11 Enter this amount on line 13. = ^ Column 3: Line 5 is more than $48,000 Line 6: Amount from line 5 ^ Line 7: 48,000.00 Line 8: Line 6 minus line 7 (cannot be negative) = ^ Line 9: Rate 1% Line 10: Line 8 multiplied by the percentage from line 9 = ^ Line 11: 762.00 Line 12: Line 10 plus line 11 Enter this amount on line 13. = ^ Line 13 and line 62460: Enter the amount from line 12 or $942, whichever applies. Basic credit for self (maximum $942) ^ Cost of living tax credit supplement If you were under 18 years of age on December 31, 2025, enter "0" on line 20 and continue on line 21. If you were18 years of age or older, you may be eligible for the cost of living tax credit supplement. If you had a spouse or common-law partner on December 31, 2025,only one of you can claim the cost of living tax credit supplement for your family. If your spouse or common-law partner claimed the supplement for your family, enter "0" on line 20 and continue on line 21. Line 14: Basic supplement for self 350.00 Line 15 and line 62470:: If you had a spouse or common-law partner on December 31, 2025, enter $350.If not, enter "0". ^ Line 16: Line 14 plus line 15 = ^ Line 17: Enter the basic credit for self from line 13. ^ Line 18 and line 62480: If you had a spouse or common-law partner on December 31, 2025, enter the basic credit for self from their Form NT479.If not, enter "0". ^ Line 19: Line 17 plus line 18 = ^ Line 20 and line 62490: Line 16 minus line 19 (if negative, enter "0") Cost of living tax credit supplement = ^ Line 21 and line 62510: Line 13 plus line 20 Enter this amount online 47900 of your return. Northwest Territories credit (maximum $942) = ^ See the privacy notice on your return.