Newfoundland & Labrador -> Tax Rates -> 2016 & 2017 Marginal Tax Rates -> Newfoundland & Labrador 2016 & 2017 Personal Income Tax Rates
Newfoundland & Labrador 2016 and 2017 Personal Marginal Income Tax Rates
The NL 2016 Budget increased all personal income tax rates, effective July 1, 2016. The 2016 rates shown below for the new tax brackets are the effective rates for 2016, and will be the rates on the 2016 income tax return.
The 2016 marginal tax rate for non-eligible dividends was reduced by the 2016 NL Budget, for dividends received on or after July 1, 2016. The rate used for 2016 in the table below is an average rate for the year, which assumes that dividends will be earned evenly throughout the year.
The Federal tax brackets and personal amounts are increased for 2017 by an indexation factor of 1.014, and the NL brackets and amounts are increased by an indexation factor of 1.02. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
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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| 2017 | 2017 | 2016 | 2016 | ||||||
| first $35,851 | 8.7% | first $35,148 | 8.20% | ||||||
| over $35,851 up to $71,701 | 14.5% | over $35,148 up to $70,295 | 13.50% | ||||||
| over $71,701 up to $128,010 | 15.8% | over $70,295 up to $125,500 | 14.55% | ||||||
| over $128,010 up to $179,214 | 17.3% | over $125,500 up to $175,700 | 15.80% | ||||||
| over $179,214 | 18.3% | over $175,700 | 16.80% | ||||||
Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates |
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| 2017 | 2017 | 2016 | 2016 | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $35,851 | 23.7% | 11.85% | 4.53% | 11.32% | first $35,148 | 23.20% | 11.60% | 3.84% | 10.39% |
| over $35,851 up to $45,916 | 29.5% | 14.75% | 12.53% | 18.10% | over $35,148 up to $45,282 | 28.50% | 14.25% | 11.15% | 16.59% |
| over $45,916 up to $71,701 | 35.0% | 17.50% | 20.12% | 24.54% | over $45,282 up to $70,295 | 34.00% | 17.00% | 18.74% | 23.02% |
| over $71,701 up to $91,831 | 36.3% | 18.15% | 21.91% | 26.06% | over $70,295 up to $90,563 | 35.05% | 17.53% | 20.19% | 24.25% |
| over $91,831 up to $128,010 | 41.8% | 20.90% | 29.50% | 32.50% | over $90,563 up to $125,500 | 40.55% | 20.28% | 27.78% | 30.69% |
| over $128,010 up to $142,353 | 43.3% | 21.65% | 31.57% | 34.25% | over $125,500 up to $140,388 | 41.80% | 20.90% | 29.50% | 32.15% |
| over $142,353 up to $179,214 | 46.3% | 23.15% | 35.71% | 37.76% | over $140,388 up to $175,700 | 44.80% | 22.40% | 33.64% | 35.66% |
| over $179,214 up to $202,800 | 47.3% | 23.65% | 37.09% | 38.93% | over $175,700 up to $200,000 | 45.80% | 22.90% | 35.02% | 36.83% |
| over $202,800 | 51.3% | 25.65% | 42.61% | 43.61% | over $200,000 | 49.80% | 24.90% | 40.54% | 41.51% |
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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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| 2017 | 2017 | 2016 | 2016 | ||||||
| $8,978 | 8.7% | $8,802 | 8.2% | ||||||
|
Federal Basic Personal Amount |
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| 2017 | 2017 | 2016 | 2016 | ||||||
| $11,635 | 15% | $11,474 | 15% | ||||||
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023