Atlantic Provinces -> Newfoundland & Labrador ->
Tax Rates -> 2017 & 2018 Marginal Tax Rates -> Newfoundland & Labrador 2017 and 2018 Personal Income Tax Rates
Newfoundland & Labrador 2017 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 2018 by an indexation factor of 1.015, and the NL brackets and amounts are increased by an indexation factor of 1.03. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.
The 2018 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 2018, as announced in the October 24, 2017 Fall Economic Statement.
Please read the article Understanding the Tables of Personal Income Tax Rates.
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Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Tax Rates | 2017 Taxable Income | 2017 Tax Rates | ||||||
| first $36,926 | 8.7% | first $35,851 | 8.7% | ||||||
| over $36,926 up to $73,852 | 14.5% | over $35,851 up to $71,701 | 14.5% | ||||||
| over $73,852 up to $131,850 | 15.8% | over $71,701 up to $128,010 | 15.8% | ||||||
| over $131,850 up to $184,590 | 17.3% | over $128,010 up to $179,214 | 17.3% | ||||||
| over $184,590 | 18.3% | over $179,214 | 18.3% | ||||||
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Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates |
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| 2018 Taxable Income | 2018 Marginal Tax Rates | 2017 Taxable Income | 2017 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains |
Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $36,926 | 23.7% | 11.85% | 4.53% | 11.80% | first $35,851 | 23.7% | 11.85% | 4.53% | 11.32% |
| over $36,926 up to $46,605 | 29.5% | 14.75% | 12.53% | 18.52% | over $35,851 up to $45,916 | 29.5% | 14.75% | 12.53% | 18.10% |
| over $46,605 up to $73,852 | 35.0% | 17.50% | 20.12% | 24.90% | over $45,916 up to $71,701 | 35.0% | 17.50% | 20.12% | 24.54% |
| over $73,852 up to $93,208 | 36.3% | 18.15% | 21.91% | 26.41% | over $71,701 up to $91,831 | 36.3% | 18.15% | 21.91% | 26.06% |
| over $93,208 up to $131,850 | 41.8% | 20.90% | 29.50% | 32.79% | over $91,831 up to $128,010 | 41.8% | 20.90% | 29.50% | 32.50% |
| over $131,850 up to $144,489 | 43.3% | 21.65% | 31.57% | 34.53% | over $128,010 up to $142,353 | 43.3% | 21.65% | 31.57% | 34.25% |
| over $144,489 up to $184,590 | 46.3% | 23.15% | 35.71% | 38.01% | over $142,353 up to $179,214 | 46.3% | 23.15% | 35.71% | 37.76% |
| over $184,590 up to $205,842 | 47.3% | 23.65% | 37.09% | 39.17% | over $179,214 up to $202,800 | 47.3% | 23.65% | 37.09% | 38.93% |
| over $205,842 | 51.3% | 25.65% | 42.61% | 43.81% | over $202,800 | 51.3% | 25.65% | 42.61% | 43.61% |
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Marginal tax rate for dividends is a % of actual
dividends received (not grossed-up taxable amount). |
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Newfoundland & Labrador Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $9,247 | 8.7% | $8,978 | 8.7% | ||||||
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Federal Basic Personal Amount |
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| 2018 Personal Amount | 2018 Tax Rate | 2017 Personal Amount | 2017 Tax Rate | ||||||
| $11,809 | 15% | $11,635 | 15% | ||||||
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: October 26, 2023