The NL tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.023 (2.3% increase).
The Federal tax brackets and personal tax credit amounts are increased for 2025 by an indexation factor of 1.027 (2.7% increase).
See the Canada Federal Personal Tax Rates page for information on the Capital Gains Inclusion Rate Change, the increase to which will likely not be reintroduced.
See Indexation of the Personal Income Tax System for how the indexation factors are calculated.
The Federal and NL indexation factors, tax brackets and tax rates for 2025 have been confirmed to Canada Revenue Agency information.
Tax Tip: read the article Understanding the Tables of Personal Income Tax Rates, especially if you are trying to compare the rates below to the marginal tax rates in the Basic Tax Calculator or the Detailed Tax Calculators.
| TaxTips.ca - Newfoundland & Labrador Tax Rates | |||||||||||
| 2025 Taxable Income | 2025 Tax Rates | 2024 Taxable Income | 2024 Tax Rates | ||||||||
| first $44,192 | 8.7% | first $43,198 | 8.7% | ||||||||
| over $44,192 up to $88,382 | 14.5% | over $43,198 up to $86,395 | 14.5% | ||||||||
| over $88,382 up to $157,792 | 15.8% | over $86,395 up to $154,244 | 15.8% | ||||||||
| over $157,792 up to $220,910 | 17.8% | over $154,244 up to $215,943 | 17.8% | ||||||||
| over $220,910 up to $282,214 | 19.8% | over $215,943 up to $275,870 | 19.8% | ||||||||
| over $282,214 up to $564,429 | 20.8% | over $275,870 up to $551,739 | 20.8% | ||||||||
| over $564,429 up to $1,128,858 | 21.3% | over $551,739 up to $1,103,478 | 21.3% | ||||||||
| over $1,128,858 | 21.8% | over $1,103,478 | 21.8% | ||||||||
| TaxTips.ca - Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates | |||||||||
| 2025 Taxable Income (1) | NL 2025 Marginal Tax Rates | 2024 Taxable Income (1) | NL 2024 Marginal Tax Rates | ||||||
| Other Income |
Capital Gains | Canadian Dividends | Other Income |
Capital Gains |
Canadian Dividends | ||||
| Eligible | Non-Eligible | Eligible | Non-Eligible | ||||||
| first $44,192 | 23.20% | 11.60% | 2.59% | 12.62% | first $43,198 | 23.70% | 11.85% | 3.28% | 13.19% |
| over $44,192 up to $57,375 | 29.00% | 14.50% | 10.60% | 19.29% | over $43,198 up to $55,867 | 29.50% | 14.75% | 11.29% | 19.86% |
| over $57,375 up to $88,382 | 35.00% | 17.50% | 18.88% | 26.19% | over $55,867 up to $86,395 | 35.00% | 17.50% | 18.88% | 26.19% |
| over $88,382 up to $114,750 | 36.30% | 18.15% | 20.67% | 27.68% | over $86,395 up to $111,733 | 36.30% | 18.15% | 20.67% | 27.68% |
| over $114,750 up to $157,792 | 41.80% | 20.90% | 28.26% | 34.01% | over $111,733 up to $154,244 | 41.80% | 20.90% | 28.26% | 34.01% |
| over $157,792 up to $177,882 | 43.80% | 21.90% | 31.02% | 36.31% | over $154,244 up to $173,205 | 43.80% | 21.90% | 31.02% | 36.31% |
| over $177,882 up to $220,910 | 47.11% | 23.56% | 35.59% | 40.12% | over $173,205 up to $215,943 | 47.12% | 23.56% | 35.60% | 40.13% |
| over $220,910 up to $253,414 | 49.11% | 24.56% | 38.35% | 42.42% | over $215,943 up to $246,752 | 49.12% | 24.56% | 38.36% | 42.43% |
| over $253,414 up to $282,214 | 52.80% | 26.40% | 43.44% | 46.66% | over $246,752 up to $275,870 | 52.80% | 26.40% | 43.44% | 46.66% |
| over $282,214 up to $564,429 | 53.80% | 26.90% | 44.82% | 47.81% | over $275,870 up to $551,739 | 53.80% | 26.90% | 44.82% | 47.81% |
| over $564,429 up to $1,128,858 | 54.30% | 27.15% | 45.51% | 48.38% | over $551,739 up to $1,103,478 | 54.30% | 27.15% | 45.51% | 48.38% |
| over $1,128,858 | 54.80% | 27.40% | 46.20% | 48.96% | over $1,103,478 | 54.80% | 27.40% | 46.20% | 48.96% |
|
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. Copyright © 2002 Boat Harbour Investments Ltd. |
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TaxTips.ca Newfoundland & Labrador Basic Personal Amount |
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| 2025 Personal Amount | 2025 Tax Rate | 2024 Personal Amount | 2024 Tax Rate | ||||||||
| $11,067 | 8.7% | $10,818 | 8.7% | ||||||||
| Federal Basic Personal Amount | |||||||||||
| 2025
Personal Amount (1) Minimum / Maximum |
2025 Tax Rate | 2024
Personal Amount (1) Minimum / Maximum |
2024 Tax Rate | ||||||||
| $14,538 | $16,129 | 14.5% | $14,156 | $15,705 | 15% | ||||||
(1) See the federal tax rates page for information on the enhanced federal personal amount, which increases the marginal tax rates for taxable incomes in the second highest federal tax bracket. The marginal tax rates in blue above have been adjusted to reflect these changes.
Copyright © 2002 Boat Harbour Investments Ltd.
Revised: September 28, 2025