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Newfoundland & Labrador Personal Tax Rates

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Atlantic Provinces   ->   Newfoundland & Labrador ->
Tax Rates   ->   Current Marginal Tax Rates -> Newfoundland & Labrador

Newfoundland & Labrador 2017 and 2018 Personal Marginal Income Tax Rates

Newfoundland and Labrador Income Tax Act, 2000 s. 6.1, 7, 9

The Federal tax brackets and personal amounts are increased for 2018 by an indexation factor of 1.015, and the NL brackets and amounts are increased by an indexation factor of 1.03.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The 2018 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2018, as announced in the October 24, 2017 Fall Economic Statement.

Please read the article Understanding the Tables of Personal Income Tax Rates.

Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates

2018 Taxable Income 2018 Tax Rates 2017 Taxable Income 2017 Tax Rates
first $36,926 8.7% first $35,851 8.7%
over $36,926 up to $73,852 14.5% over $35,851 up to $71,701 14.5%
over $73,852 up to $131,850 15.8% over $71,701 up to $128,010 15.8%
over $131,850 up to $184,590 17.3% over $128,010 up to $179,214 17.3%
over $184,590 18.3% over $179,214 18.3%

Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates

2018 Taxable Income 2018 Marginal Tax Rates 2017 Taxable Income 2017 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $36,926 23.7% 11.85% 4.53% 11.80% first $35,851 23.7% 11.85% 4.53% 11.32%
over $36,926 up to $46,605 29.5% 14.75% 12.53% 18.53% over $35,851 up to $45,916 29.5% 14.75% 12.53% 18.10%
over $46,605 up to $73,852 35.0% 17.50% 20.12% 24.91% over $45,916 up to $71,701 35.0% 17.50% 20.12% 24.54%
over $73,852 up to $93,208 36.3% 18.15% 21.91% 26.41% over $71,701 up to $91,831 36.3% 18.15% 21.91% 26.06%
over $93,208 up to $131,850 41.8% 20.90% 29.50% 32.79% over $91,831 up to $128,010 41.8% 20.90% 29.50% 32.50%
over $131,850 up to $144,489 43.3% 21.65% 31.57% 34.53% over $128,010 up to $142,353 43.3% 21.65% 31.57% 34.25%
over $144,489 up to $184,590 46.3% 23.15% 35.71% 38.01% over $142,353 up to $179,214 46.3% 23.15% 35.71% 37.76%
over $184,590 up to $205,842 47.3% 23.65% 37.09% 39.17% over $179,214 up to $202,800 47.3% 23.65% 37.09% 38.93%
over $205,842 51.3% 25.65% 42.61% 43.81% over $202,800 51.3% 25.65% 42.61% 43.61%

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable amount).
Marginal tax rate for capital gains is a % of total capital gains (not taxable capital gains).
Gross-up rate for eligible dividends is 38%, and for non-eligible dividends is 17% in 2017, and 16% in 2018.
For more information see NL dividend tax credits.

Newfoundland & Labrador Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$9,247 8.7% $8,978 8.7%

Federal Basic Personal Amount

2018 Personal Amount 2018 Tax Rate 2017 Personal Amount 2017 Tax Rate
$11,809 15% $11,635 15%

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Revised: November 22, 2017

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