TaxTips.ca - Newfoundland and Labrador personal tax credits

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Atlantic Provinces -> Newfoundland & Labrador -> NL Personal Tax Credits

Non-refundable personal tax credits

For information on the amounts of most non- refundable tax credits available to Newfoundland and Labrador residents, see the non-refundable personal tax credits page.

NL low-income tax reduction

	available to low income individuals and families
	amount received depends on individual or family net income
	cannot exceed NL tax payable (not refundable)

See Canada Revenue Agency ( CRA) form NL428 from the Newfoundland and Labrador General Income Tax and Benefit Package page for detailed calculation.

The NL 2009 budget announced that the low-income tax reduction would be enhanced:

Changes are effective for 2009

Income thresholds to be increased

from $13,511 to $15,911 for individuals

from $21,825 to $26,625 for families

An individual with an income of $16,000 will save $544 annually

A family with income of $26,000 will save almost $800 annually

Refundable tax credits

NL low income seniors' benefit (NLSB)

NL Income Tax Act, 2000 s. 34(4)(b)

Effective for 2008

	refundable tax credit, payable even when the senior has no tax payable
	combined with the October GST/HST credit payment
	to qualify, the person must be 65 years of age by December 31st of the taxation year
	annual benefit of $776 per year, reduced by 11.66% of net income over $25,275
	phased out at net incomes of $31,930 or more
	where both spouses qualify, the benefit is paid only once
	threshold and annual benefit amounts are indexed for inflation each year

NL government resources:

	Low Income Seniors' Benefit
	Seniors' Benefit Regulations, 2007

CRA resources:

Newfoundland & Labrador Senior's Benefit (NLSB)

NL harmonized sales tax credit (NLHSTC)

NL Income Tax Act, 2000 s. 34

	for low income individuals or families
	combined with the October GST/HST credit payment
	annual payment of $40 per adult and $60 for each child under 19, reduced by 5% of the amount of adjusted family net income over $15,000.

See also:

Provincial tax credits paid with the GST/HST credit

CRA resources:

	Provincial benefits that are combined with the GST/HST credit
	Newfoundland & Labrador Harmonized Sales Tax Credit (NLHSTC)

Tax tip: File a tax return even if you have no income, to get the refundable tax credits.

Revised: December 12, 2011

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