Atlantic Provinces -> Newfoundland & Labrador
Tax Rates -> 2014 and 2015 Marginal Tax Rates -> Newfoundland & Labrador
Newfoundland & Labrador 2014 and 2015 Personal Marginal Income Tax Rates
The Newfoundland & Labrador tax brackets and personal amount were increased for 2015 by an indexation factor of 1.022. The Federal tax brackets and personal amount were increased for 2015 by an indexation factor of 1.017. The indexation factors, bracket thresholds and personal amounts for 2015 have been confirmed to Canada Revenue Agency amounts.
The NL 2015 Budget created 2 new income tax brackets and rates, effective July 1, 2015. The rates shown below for the new tax brackets are the effective rates for 2015, which are the average rates for the year.
Please read the article Understanding the Tables of Personal Income Tax Rates.
Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates |
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| 2015 Taxable Income | 2015 Tax Rates | 2014 Taxable Income | 2014 Tax Rates | ||||||
| first $35,008 | 7.7% | first $34,254 | 7.7% | ||||||
| over $35,008 up to $70,015 | 12.5% | over $34,254 up to $68,508 | 12.5% | ||||||
| over $70,015 up to $125,000 | 13.3% | over $68,508 | 13.3% | ||||||
| over $125,000 up to $175,000 | 13.8% | ||||||||
| over $175,000 | 14.3% | ||||||||
Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates |
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| 2015 Taxable Income | 2015 Marginal Tax Rates | 2014 Taxable Income | 2014 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $35,008 | 22.7% | 11.35% | 3.15% | 8.95% | first $34,254 | 22.7% | 11.35% | -0.72% | 8.42% |
| over $35,008 up to $44,701 | 27.5% | 13.75% | 9.77% | 14.61% | over $34,254 up to $43,953 | 27.5% | 13.75% | 5.91% | 14.08% |
| over $44,701 up to $70,015 | 34.5% | 17.25% | 19.43% | 22.87% | over $43,953 up to $68,508 | 34.5% | 17.25% | 15.57% | 22.34% |
| over $70,015 up to $89,401 | 35.3% | 17.65% | 20.53% | 23.82% | over $68,508 up to $87,907 | 35.3% | 17.65% | 16.67% | 23.29% |
| over $89,401 up to $125,000 | 39.3% | 19.65% | 26.05% | 28.54% | over $87,907 up to $136,270 | 39.3% | 19.65% | 22.19% | 28.01% |
| over $125,000 up to 138,586 | 39.8% | 19.90% | 26.74% | 29.13% | over $136,270 | 42.3% | 21.15% | 26.33% | 31.55% |
| over $138,586 up to $175,000 | 42.8% | 21.40% | 30.88% | 32.67% | |||||
| over $175,000 | 43.3% | 21.65% | 31.57% | 33.26% | |||||
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up amount). |
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Newfoundland & Labrador Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $8,767 | 7.7% | $8,578 | 7.7% | ||||||
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Federal Basic Personal Amount |
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| 2015 | Tax Rate | 2014 | Tax Rate | ||||||
| $11,327 | 15% | $11,138 | 15% | ||||||
Revised: October 26, 2023