Newfoundland & Labrador 2025 & 2024 Tax Rates & Tax Brackets

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

The NL tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.023 (2.3% increase).

The Federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (2.7% increase).

See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change.

See Indexation of the Personal Income Tax System for how the indexation factors are calculated.

The Federal and NL indexation factors, tax brackets and tax rates for 2025 have been confirmed to Canada Revenue Agency information.

Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.

TaxTips.ca - Newfoundland & Labrador Tax Rates
2025 Taxable Income	2025 Tax Rates	2024 Taxable Income	2024 Tax Rates
first $44,192	8.7%	first $43,198	8.7%
over $44,192 up to $88,382	14.5%	over $43,198 up to $86,395	14.5%
over $88,382 up to $157,792	15.8%	over $86,395 up to $154,244	15.8%
over $157,792 up to $220,910	17.8%	over $154,244 up to $215,943	17.8%
over $220,910 up to $282,214	19.8%	over $215,943 up to $275,870	19.8%
over $282,214 up to $564,429	20.8%	over $275,870 up to $551,739	20.8%
over $564,429 up to $1,128,858	21.3%	over $551,739 up to $1,103,478	21.3%
over $1,128,858	21.8%	over $1,103,478	21.8%

TaxTips.ca - Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates
2025 Taxable Income (1)	NL 2025 Marginal Tax Rates					2024 Taxable Income (1)	NL 2024 Marginal Tax Rates
	Other Income	Capital Gains		Canadian Dividends			Other Income	Capital Gains		Canadian Dividends
	Other Income	First $250K	Excess Over $250K	Eligible	Non-Eligible		Other Income	All Pre- Jun 25	>$250K Post- Jun 24	Eligible	Non-Eligible
first $44,192	23.70%	11.85%	15.80%	3.28%	13.19%	first $43,198	23.70%	11.85%	15.80%	3.28%	13.19%
over $44,192 up to $57,375	29.50%	14.75%	19.67%	11.29%	19.86%	over $43,198 up to $55,867	29.50%	14.75%	19.67%	11.29%	19.86%
over $57,375 up to $88,382	35.00%	17.50%	23.33%	18.88%	26.19%	over $55,867 up to $86,395	35.00%	17.50%	23.33%	18.88%	26.19%
over $88,382 up to $114,750	36.30%	18.15%	24.20%	20.67%	27.68%	over $86,395 up to $111,733	36.30%	18.15%	24.20%	20.67%	27.68%
over $114,750 up to $157,792	41.80%	20.90%	27.87%	28.26%	34.01%	over $111,733 up to $154,244	41.80%	20.90%	27.87%	28.26%	34.01%
over $157,792 up to $177,882	43.80%	21.90%	29.20%	31.02%	36.31%	over $154,244 up to $173,205	43.80%	21.90%	29.20%	31.02%	36.31%
over $177,882 up to $220,910	47.12%	23.56%	31.41%	35.60%	40.13%	over $173,205 up to $215,943	47.12%	23.56%	31.41%	35.60%	40.13%
over $220,910 up to $253,414	49.12%	24.56%	32.75%	38.36%	42.43%	over $215,943 up to $246,752	49.12%	24.56%	32.75%	38.36%	42.43%
over $253,414 up to $282,214	52.80%	26.40%	35.20%	43.44%	46.66%	over $246,752 up to $275,870	52.80%	26.40%	35.20%	43.44%	46.66%
over $282,214 up to $564,429	53.80%	26.90%	35.87%	44.82%	47.81%	over $275,870 up to $551,739	53.80%	26.90%	35.87%	44.82%	47.81%
over $564,429 up to $1,128,858	54.30%	27.15%	36.20%	45.51%	48.38%	over $551,739 up to $1,103,478	54.30%	27.15%	36.20%	45.51%	48.38%
over $1,128,858	54.80%	27.40%	36.53%	46.20%	48.96%	over $1,103,478	54.80%	27.40%	36.53%	46.20%	48.96%
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 15%. For more information see NL dividend tax credits. Copyright © 2002 Boat Harbour Investments Ltd.

TaxTips.ca Newfoundland & Labrador Basic Personal Amount
2025 Personal Amount	2025 Tax Rate	2024 Personal Amount	2024 Tax Rate
$11,067	8.7%	$10,818	8.7%

Federal Basic Personal Amount
2025 Personal Amount (1) Minimum / Maximum		2025 Tax Rate	2024 Personal Amount (1) Minimum / Maximum		2024 Tax Rate
$14,538	$16,129	15%	$14,156	$15,705	15%

(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.

Revised: November 24, 2024