NL Budgets
2012
Budget April 24, 2012- on NL website
- no tax changes
2011
Budget April 19, 2011 - on NL website
Taxation highlights:
-
Residential energy rebate of 8% equal to
provincial portion of HST, effective Oct 1, 2011, to be administered
by the province.
-
Starting 2011, new non-refundable child care tax
credit based on child care expenses currently deductible from
income. The maximum tax credit will be $539 per child, and
will depend on a child's age and the amount of deductible child care
expenses.
-
New non-refundable Volunteer Firefighters' Tax
Credit, maximum $231 tax credit for firefighters who perform at
least 200 hours of service each year.
-
Increase in payroll tax exemption threshold to
$1.2 million from $1 million.
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