Coutts Inlet (72°04′N 075°10′W / 72.067°N 75.167°W) is a body of water in Nunavut's Qikiqtaaluk Region. It is an arm of Baffin Bay in northeastern Baffin Island. The inlet flows in a southwestern direction and includes a northern arm that juts off the main inlet close to the mouth. Nova Zembla Island and Round Island are located near the mouth of Coutts Inlet.