Newfoundland & Labrador 2020 and 2019 Personal Marginal Income Tax Rates

Newfoundland and Labrador Income Tax Act, 2000 s. 6.1, 7, 9

Please read the article Understanding the Tables of Personal Income Tax Rates.

The Federal tax brackets and personal amounts are increased for 2020 by an indexation factor of 1.019, and the NL brackets and amounts are increased by an indexation factor of 1.009. The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The tax rates do not include the NL Deficit Reduction Levy, which can add 10% to the marginal tax rate at various levels of taxable income over $50,000. 2020 is the last year for this levy, unless legislation is tabled to extend it. See the effect of the Deficit Reduction Levy by using our Detailed Canadian Tax and RRSP Savings Calculator.

Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates
2020 Taxable Income	2020 Tax Rates	2019 Taxable Income	2019 Tax Rates
first $37,929	8.7%	first $37,591	8.7%
over $37,929 up to $75,858	14.5%	over $37,591 up to $75,181	14.5%
over $75,858 up to $135,432	15.8%	over $75,181 up to $134,224	15.8%
over $135,432 up to $189,604	17.3%	over $134,224 up to $187,913	17.3%
over $189,604	18.3%	over $187,913	18.3%

Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates
2020 Taxable Income	2020 Marginal Tax Rates				2019 Taxable Income	2019 Marginal Tax Rates
	Other Income	Capital Gains	Canadian Dividends			Other Income	Capital Gains	Canadian Dividends
	Other Income	Capital Gains	Eligible	Non-Eligible		Other Income	Capital Gains	Eligible	Non-Eligible
first $37,929	23.70%	11.85%	4.53%	12.85%	first $37,591	23.7%	11.85%	4.53%	12.85%
over $37,929 up to $48,535	29.50%	14.75%	12.53%	19.52%	over $37,591 up to $47,630	29.5%	14.75%	12.53%	19.52%
over $48,535 up to $75,858	35.00%	17.50%	20.12%	25.84%	over $47,630 up to $75,181	35.0%	17.50%	20.12%	25.84%
over $75,858 up to $97,069	36.30%	18.15%	21.91%	27.34%	over $75,181 up to $95,259	36.3%	18.15%	21.91%	27.34%
over $97,069 up to $135,432	41.80%	20.90%	29.50%	33.66%	over $95,259 up to $134,224	41.8%	20.90%	29.50%	33.66%
over $135,432 up to $150,473	43.30%	21.65%	31.57%	35.39%	over $134,224 up to $147,667	43.3%	21.65%	31.57%	35.39%
over $150,473 up to $189,604	46.52%	23.26%	36.02%	39.09%	over $147,667 up to $187,913	46.3%	23.15%	35.71%	38.84%
over $189,604 up to $214,368	47.52%	23.76%	37.40%	40.24%	over $187,913 up to $210,371	47.3%	23.65%	37.09%	39.99%
over $214,368	51.30%	25.65%	42.61%	44.59%	over $210,371	51.3%	25.65%	42.61%	44.59%
Marginal tax rate for dividends is a % of actual dividends received (not grossed-up taxable 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 15%. For more information see NL dividend tax credits.
Newfoundland & Labrador Basic Personal Amount
2020 Personal Amount	2020 Tax Rate				2019 Personal Amount	2019 Tax Rate
$9,498	8.7%				$9,414	8.7%
Federal Basic Personal Amount
2020 Personal Amount (1)	2020 Tax Rate				2019 Personal Amount	2019 Tax Rate
$13,229	15%				$12,069	15%

(1) The 2020 federal personal amount is increased from $12,298 to $13,229 for taxpayers with net income of $150,473 or less. For incomes above this threshold, the additional amount of $931 is reduced until it becomes zero at net income of $214,368. The marginal tax rates above have been adjusted to reflect this change.

Revised: May 18, 2025