Atlantic Provinces -> Newfoundland & Labrador -> NL Personal Tax Credits
Newfoundland & Labrador 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 Income Tax Act, 2000 s. 21.1
See Canada Revenue Agency ( CRA) form NL428 from the Newfoundland and Labrador General Income Tax and Benefit Package page for detailed calculation.
The NL 2014 budget announced that the low-income tax reduction would be enhanced:
The low-income tax reduction thresholds are not increased for inflation.
The 2011 provincial budget introduced a non-refundable tax credit for child care costs, beginning in 2011. Because child care costs are initially claimed as a deduction from income, provincial taxes payable are reduced. The tax credit provides an additional reduction of the provincial taxes payable. The tax credit is calculated by multiplying the child care costs by the lowest personal tax rate. The tax credit is claimed by the individual who claims the child care costs. The Canadian Tax Calculator calculates this tax credit, based on the child care costs entered in the deductions area. However, the costs are not checked to ensure that the maximum allowable is not exceeded. See also our article on Child Care Costs.
Refundable tax credits
NL Income Tax Act, 2000 s. 34(4)(b)
Effective for 2008 and later years:
Enhancements announced in NL 2014 Budget, effective for October 2014 payment:
NL government resources:
NL Income Tax Act, 2000 s. 34
Tax tip: File a tax return even if you have no income, to get the refundable tax credits.
Revised: October 19, 2014
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