CRA & Revenu Québec

Newfoundland and Labrador Tax Brackets & Credits

Did you know that roughly 95% of the population of Newfoundland and Labrador live on the island, and that about 60% live within the city of St. John’s? So, if you’re looking for some solitude, rural Newfoundland and Labrador might be for you!

Newfoundland and Labrador have a tax system similar to other Canadian provinces. Many of the provincial taxes and credits for residents of Newfoundland and Labrador compliment similar credits at the federal level, but there are some unique credits for residents of Newfoundland and Labrador.

Newfoundland and Labrador’s Progressive Tax Rate Structure

As with most provinces, Newfoundland and Labrador uses a progressive tax structure. The tax brackets increase each year, based on inflation. Visit the government of Newfoundland and Labrador’s Personal Income Tax page for this year’s tax bracket rates.

Newfoundland and Labrador’s Tax Brackets for Tax Year 2020

Tax Rate

Tax Bracket

Taxable Annual Income

8.7%  on the first $37,929  $37,929
14.5%  on the next $37,929  over $37,929 up to $75,858
15.8%  on the next $59,574  over $75,858 up to $135,432
17.3%  on the next $54,172  over $135,432 up to $189,604
18.3%  on the portion over $189,604  over $189,604

Newfoundland and Labrador Credits

  • Newfoundland and Labrador Income Supplement and Senior’s Benefit: These are refundable tax credits that may be paid to low-income individuals, seniors and families. (A refundable tax credit is an amount paid even if there is no tax payable). The benefits are paid with your quarterly GST/HST Credit, and more information on applying for and receiving the benefits can be found in this CRA link.

There is an allowable amount of income that you can earn before you must start paying taxes. That is called the “basic personal” or “personal amount.” For the 2020 tax year, the Federal Basic Personal Amount (BPA) is $13,229, while the Newfoundland & Labrador amount is $9,498. 

This TurboTax article provides more information on the federal tax rates, as well as links to other provinces and tax calculators: An Overview of Canada’s Tax Brackets.

Affordable, Professional Tax Help

TurboTax is the software of choice for personal taxes, small businesses, and entrepreneurs. It’s the fast, easy, affordable, accurate way to do your taxes. Answer a few simple questions on our product recommender and we can help guide you to the right edition that will reflect your individual circumstances.

You can always start your return in TurboTax Free, and if you feel the need for additional assistance, you can upgrade to any of our paid editions or get Live help from an expert with our Assist & Review or Full Service. But don’t worry, while using the online version of the software when you choose to upgrade, your information is instantly carried over so you can pick up right where you left off.

Provincial tax brackets

Looking for an income tax calculator for your province or territory?

Alberta Tax Brackets Alberta tax calculator
British Columbia Tax Brackets British Columbia tax calculator
Manitoba Tax Brackets Manitoba tax calculator
Newfoundland and Labrador Tax Brackets Newfoundland and Labrador tax calculator
New Brunswick Tax Brackets New Brunswick tax calculator
Northwest Territories Tax Brackets Northwest Territories tax calculator
Nova Scotia Tax Brackets Nova Scotia tax calculator
Nunavut Tax Brackets Nunavut tax calculator
Ontario Tax Brackets Ontario tax calculator
Prince Edward Island Tax Brackets Prince Edward Island tax calculator
Québec Tax Brackets Quebec tax calculator
Saskatchewan Tax Brackets Saskatchewan tax calculator
Yukon Tax Brackets Yukon tax calculator