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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 2016 and 2017 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 brackets and personal amounts are increased for 2017 by an indexation factor of 1.014, and the NL brackets and amounts are increased by an indexation factor of 1.02.  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

2017 2017 2016 2016
first $35,851 8.7% first $35,148 8.20%
over $35,851 up to $71,701 14.5% over $35,148 up to $70,295 13.50%
over $71,701 up to $128,010 15.8% over $70,295 up to $125,500 14.55%
over $128,010 up to $179,214 17.3% over $125,500 up to $175,700 15.80%
over $179,214 18.3% over $175,700 16.80%

Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates

2017 2017 2016 2016
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $35,851 23.7% 11.85% 4.53% 11.32% first $35,148 23.20% 11.60% 3.84% 10.39%
over $35,851 up to $45,916 29.5% 14.75% 12.53% 18.10% over $35,148 up to $45,282 28.50% 14.25% 11.15% 16.59%
over $45,916 up to $71,701 35.0% 17.50% 20.12% 24.54% over $45,282 up to $70,295 34.00% 17.00% 18.74% 23.02%
over $71,701 up to $91,831 36.3% 18.15% 21.91% 26.06% over $70,295 up to $90,563 35.05% 17.53% 20.19% 24.25%
over $91,831 up to $128,010 41.8% 20.90% 29.50% 32.50% over $90,563 up to $125,500 40.55% 20.28% 27.78% 30.69%
over $128,010 up to $142,353 43.3% 21.65% 31.57% 34.25% over $125,500 up to $140,388 41.80% 20.90% 29.50% 32.15%
over $142,353 up to $179,214 46.3% 23.15% 35.71% 37.76% over $140,388 up to $175,700 44.80% 22.40% 33.64% 35.66%
over $179,214 up to $202,800 47.3% 23.65% 37.09% 38.93% over $175,700 up to $200,000 45.80% 22.90% 35.02% 36.83%
over $202,800 51.3% 25.65% 42.61% 43.61% 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 more information see NL dividend tax credits.

Newfoundland & Labrador Basic Personal Amount

2017 2017 2016 2016
$8,978 8.7% $8,802 8.2%

Federal Basic Personal Amount

2017 2017 2016 2016
$11,635 15% $11,474 15%

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Revised: November 29, 2016

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