Newfoundland and Labrador - a rare find

Tax Rates

In Canada, all three levels of government (municipal, provincial, and federal) have taxation programs to fund the services they provide to their residents.

 

Taxation information for Newfoundland and Labrador is as follows:

Corporate Income Tax15%
Small Business Corporate Income Tax3%
Sales Tax (combined federal/provincial)15%

 

Personal Income Tax (provincial only):

Income Bracket     Provincial Tax Rate
$0 – 35,1488.7%
$35,149 – 70,29514.5%
$70,296 – 125,50015.8%
$125,501 – 175,70017.3%
$175,700+18.3%

Information on the Temporary Deficit Reduction Levy