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 Tax | 15.0% |
| Small Business Corporate Income Tax | 2.5% |
| Sales Tax (combined federal/provincial) | 15.0% |
2024 Personal Income Tax Rates (provincial only):
| Income Bracket | Provincial Tax Rate |
|---|---|
| $0 – 43,198 | 8.7% |
| Over $43,198 – 86,395 | 14.5% |
| Over $86,395 – 154,244 | 15.8% |
| Over $154,244 – 215,943 | 17.8% |
| Over $215,943 – 275,870 | 19.8% |
| Over $275,870 – 551,739 | 20.8% |
| Over $551,739 – 1,103,478 | 21.3% |
| Over $1,103,478 | 21.8% |