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 2016 low-income tax reduction factors are:
The low-income tax reduction thresholds are increased for inflation each year.
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.
The Newfoundland & Labrador volunteer firefighter tax credit is based on the federal volunteer firefighter tax credit (federal Schedule 1 line 362), so is $3,000 x the lowest NL tax rate of 8.2% for 2016 (8.7% for 2017).
NL Income Tax Act, 2000 s. 34(4)(b)
Effective for 2016 and later years:
Enhancements announced in NL 2016 Budget, effective for October 2016 payment:
NL Income Tax Act, 2000 s. 34
NL government resources:
Tax tip: File a tax return even if you have no income, to get the refundable tax credits.
Revised: April 17, 2018
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