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Newfoundland & Labrador Personal Tax Rates

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Atlantic Provinces -> Newfoundland & Labrador
Tax Rates - Current Marginal Tax Rates -> Newfoundland & Labrador

Newfoundland & Labrador 2015 and 2016 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 rates for 2016 are as per Bill C-2 tabled in December 2015.  The Newfoundland & Labrador tax brackets and personal amount were increased for 2016 by an indexation factor of 1.004.  The Federal tax brackets and personal amount were increased for 2016 by an indexation factor of 1.013.  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

2016 Taxable Income 2016 Tax Rates 2015 Taxable Income 2015 Tax Rates
first $35,148 8.2% first $35,008 7.7%
over $35,148 up to $70,295 13.5% over $35,008 up to $70,015 12.5%
over $70,295 up to $125,500 14.55% over $70,015 up to $125,000 13.3%
over $125,500 up to $175,700 15.8% over $125,000 up to $175,000 13.8%
over $175,700 16.8% over $175,000 14.3%

Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates

2016 Taxable Income 2016 Marginal Tax Rates 2015 Taxable Income 2015 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $35,148 23.20% 11.60% 3.84% 10.39% first $35,008 22.7% 11.35% 3.15% 8.95%
over $35,148 up to $45,282 28.50% 14.25% 11.15% 16.59% over $35,008 up to $44,701 27.5% 13.75% 9.77% 14.61%
over $45,282 up to $70,295 34.00% 17.00% 18.74% 23.02% over $44,701 up to $70,015 34.5% 17.25% 19.43% 22.87%
over $70,295 up to $90,563 35.05% 17.53% 20.19% 24.25% over $70,015 up to $89,401 35.3% 17.65% 20.53% 23.82%
over $90,563 up to $125,500 40.55% 20.28% 27.78% 30.69% over $89,401 up to $125,000 39.3% 19.65% 26.05% 28.54%
over $125,500 up to $140,388 41.80% 20.90% 29.50% 32.15% over $125,000 up to $138,586 39.8% 19.90% 26.74% 29.13%
over $140,388 up to $175,700 44.80% 22.40% 33.64% 35.66% over $138,586 up to $175,000 42.8% 21.40% 30.88% 32.67%
over $175,700 up to $200,000 45.80% 22.90% 35.02% 36.83% over $175,000 43.3% 21.65% 31.57% 33.26%
over $200,000 49.80% 24.90% 40.54% 41.51%  

Marginal tax rate for dividends is a % of actual dividends received (not grossed-up 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 17% for 2016, 18% for 2015.
For more information see NL dividend tax credits.

Newfoundland & Labrador Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$8,802 8.2% $8,767 7.7%

Federal Basic Personal Amount

2016 Personal Amount 2016 Tax Rate 2015 Personal Amount 2015 Tax Rate
$11,474 15% $11,327 15%

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Revised: September 11, 2016

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