Atlantic Provinces -> Newfoundland & Labrador -> Tax Rates -> 2018 & 2019 Marginal Tax Rates -> Newfoundland & Labrador
Newfoundland & Labrador 2019 and 2018 Personal Marginal Income Tax Rates
Newfoundland and Labrador Income Tax Act, 2000 s. 6.1, 7, 9
The Federal tax brackets and personal amounts are increased for 2019 by an indexation factor of 1.022, and the NL brackets and amounts are increased by an indexation factor of 1.018. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The 2019 marginal tax rates for non-eligible dividends reflect the rates that are in effect automatically due to the change in the gross-up rate for 2019, as announced in the October 24, 2017 Fall Economic Statement.
The tax rates do not include the NL Deficit Reduction Levy, which can add 10% to the marginal tax rate at various levels of taxable income over $50,000. 2019 will be the last year for this levy, unless legislation is tabled to extend it.
Please read the article Understanding the Tables of Personal Income Tax Rates.
| Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Tax Rates | 2018 Taxable Income | 2018 Tax Rates | ||||||
| first $37,591 | 8.7% | first $36,926 | 8.7% | ||||||
| over $37,591 up to $75,181 | 14.5% | over $36,926 up to $73,852 | 14.5% | ||||||
| over $75,181 up to $134,224 | 15.8% | over $73,852 up to $131,850 | 15.8% | ||||||
| over $134,224 up to $187,913 | 17.3% | over $131,850 up to $184,590 | 17.3% | ||||||
| over $187,913 | 18.3% | over $184,590 | 18.3% | ||||||
| Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates | |||||||||
| 2019 Taxable Income | 2019 Marginal Tax Rates | 2018 Taxable Income | 2018 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $37,591 | 23.7% | 11.85% | 4.53% | 12.85% | first $36,926 | 23.7% | 11.85% | 4.53% | 11.80% |
| over $37,591 up to $47,630 | 29.5% | 14.75% | 12.53% | 19.52% | over $36,926 up to $46,605 | 29.5% | 14.75% | 12.53% | 18.52% |
| over $47,630 up to $75,181 | 35.0% | 17.50% | 20.12% | 25.84% | over $46,605 up to $73,852 | 35.0% | 17.50% | 20.12% | 24.90% |
| over $75,181 up to $95,259 | 36.3% | 18.15% | 21.91% | 27.34% | over $73,852 up to $93,208 | 36.3% | 18.15% | 21.91% | 26.41% |
| over $95,259 up to $134,224 | 41.8% | 20.90% | 29.50% | 33.66% | over $93,208 up to $131,850 | 41.8% | 20.90% | 29.50% | 32.79% |
| over $134,224 up to $147,667 | 43.3% | 21.65% | 31.57% | 35.39% | over $131,850 up to $144,489 | 43.3% | 21.65% | 31.57% | 34.53% |
| over $147,667 up to $187,913 | 46.3% | 23.15% | 35.71% | 38.84% | over $144,489 up to $184,590 | 46.3% | 23.15% | 35.71% | 38.01% |
| over $187,913 up to $210,371 | 47.3% | 23.65% | 37.09% | 39.99% | over $184,590 up to $205,842 | 47.3% | 23.65% | 37.09% | 39.17% |
| over $210,371 | 51.3% | 25.65% | 42.61% | 44.59% | over $205,842 | 51.3% | 25.65% | 42.61% | 43.81% |
| 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% in 2019, and 16% in 2018. For more information see NL dividend tax credits. |
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| Newfoundland & Labrador Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $9,414 | 8.7% | $9,247 | 8.7% | ||||||
| Federal Basic Personal Amount | |||||||||
| 2019 Personal Amount | 2019 Tax Rate | 2018 Personal Amount | 2018 Tax Rate | ||||||
| $12,069 | 15% | $11,809 | 15% | ||||||
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023