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Newfoundland & Labrador Personal Tax Rates

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Atlantic Provinces   ->   Newfoundland & Labrador ->
Tax Rates   ->   Current Marginal Tax Rates -> Newfoundland & Labrador

Newfoundland & Labrador 2019 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 2019 by an indexation factor of 1.022, and the NL brackets and amounts are increased by an indexation factor of 1.018.  The indexation factors, tax brackets and tax rates have been confirmed to Canada Revenue Agency information.

The 2019 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 2019, as announced in the October 24, 2017 Fall Economic Statement.

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

Newfoundland & Labrador Personal Income Tax Brackets and Tax Rates

2019 Taxable Income 2019 Tax Rates 2018 Taxable Income 2018 Tax Rates
first $37,591 8.7% first $36,926 8.7%
over $37,591 up to $75,181 14.5% over $36,926 up to $73,852 14.5%
over $75,181 up to $134,224 15.8% over $73,852 up to $131,850 15.8%
over $134,224 up to $187,913 17.3% over $131,850 up to $184,590 17.3%
over $187,913 18.3% over $184,590 18.3%

Combined Federal & Newfoundland & Labrador Tax Brackets and Tax Rates

2019 Taxable Income 2019 Marginal Tax Rates 2018 Taxable Income 2018 Marginal Tax Rates
Other
Income
Capital
Gains
Canadian Dividends Other
Income
Capital
Gains
Canadian Dividends
Eligible Non-Eligible Eligible Non-Eligible
first $37,591 23.7% 11.85% 4.53% 12.85% first $36,926 23.7% 11.85% 4.53% 11.80%
over $37,591 up to $47,630 29.5% 14.75% 12.53% 19.52% over $36,926 up to $46,605 29.5% 14.75% 12.53% 18.52%
over $47,630 up to $75,181 35.0% 17.50% 20.12% 25.84% over $46,605 up to $73,852 35.0% 17.50% 20.12% 24.90%
over $75,181 up to $95,259 36.3% 18.15% 21.91% 27.34% over $73,852 up to $93,208 36.3% 18.15% 21.91% 26.41%
over $95,259 up to $134,224 41.8% 20.90% 29.50% 33.66% over $93,208 up to $131,850 41.8% 20.90% 29.50% 32.79%
over $134,224 up to $147,667 43.3% 21.65% 31.57% 35.39% over $131,850 up to $144,489 43.3% 21.65% 31.57% 34.53%
over $147,667 up to $187,913 46.3% 23.15% 35.71% 38.84% over $144,489 up to $184,590 46.3% 23.15% 35.71% 38.01%
over $187,913 up to $210,371 47.3% 23.65% 37.09% 39.99% over $184,590 up to $205,842 47.3% 23.65% 37.09% 39.17%
over $210,371 51.3% 25.65% 42.61% 44.59% over $205,842 51.3% 25.65% 42.61% 43.81%

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% in 2019, and 16% in 2018.
For more information see NL dividend tax credits.

Newfoundland & Labrador Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$9,414 8.7% $9,247 8.7%

Federal Basic Personal Amount

2019 Personal Amount 2019 Tax Rate 2018 Personal Amount 2018 Tax Rate
$12,069 15% $11,809 15%
 

Copyright © 2002 Boat Harbour Investments Ltd.

Revised: November 13, 2018

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

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