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Atlantic Provinces -> Newfoundland & Labrador -> NL Dividend Tax CreditNewfoundland & Labrador Dividend Tax CreditsNL Eligible DividendsNL Income Tax Act, 2000 s. 20(1)(b)The NL Income Tax Act defines the eligible dividend tax credit rate as a percentage of the taxable (grossed-up) dividend. Bill 15, An Act to Amend the Income Tax Act, 2000 No. 2 increased the eligible dividend tax credit rate from 5.4% to 6.3%, effective January 1, 2022.
See the marginal tax rates for NL for current marginal tax rates for eligible and non-eligible dividends and other income. NL Dividend Tax Credit for Non-Eligible DividendsNL Income Tax Act, 2000 s. 20(1)(a)The NL Income Tax Act defines the non-eligible dividend tax credit rate as a percentage of the taxable (grossed-up) dividend. Bill 15, An Act to Amend the Income Tax Act, 2000 No. 2 reduced the non-eligible dividend tax credit rate from 3.5% to 3.2%, effective January 1, 2022. The current and past Newfoundland and Labrador rates for non-eligible dividends are shown in the following table.
Revised: September 14, 2021
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