Exemptions Regulations

Regulation

Registration: R-051-2010
Source: Unofficial consolidation PDF (justice.gov.nt.ca)
Under: Exemptions Act

This is an unofficial reading copy parsed from the Department of Justice consolidation PDF above — itself an office consolidation, not an official statement of the law. The authoritative text is in the Revised Statutes of the Northwest Territories, 1988 and the annual Statutes volumes.

Contents

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The Commissioner, on the recommendation of the Minister, under section 8 of the Exemptions Act and every enabling power, makes the Exemptions Regulations.

The following are the maximum prescribed limits for property of a debtor that is, under subsection 2(1) of the Act, exempt from seizure under a writ of execution:

(a) $5,000 for household furnishings, utensils, equipment and appliances referred to in paragraph 2(1)(a);

(b) the amounts required for the next 12 months for food, fuel and other necessaries of life referred to in paragraph 2(1)(c);

(d) $15,000 for tools, instruments, all-terrain vehicles, watercraft and other personal property referred to in paragraph 2(1)(e);

(e) $50,000 for the debtor’s interest in the principal residence referred to in paragraph 2(1)(f);

(f) $6,000 for a motor vehicle referred to in paragraph 2(1)(h).

Unless otherwise ordered by the Supreme Court, the prescribed minimum amount referred to in subsection 7(2) of the Act is $1,000 plus $250 for each dependant.