Newfoundland and Labrador Personal Marginal Income Tax Rates 2025

Understanding Newfoundland and Labrador’s income tax system is essential for effective financial planning. The province follows a progressive tax structure, meaning different portions of income are taxed at increasing rates. Newfoundland and Labrador’s tax brackets and basic personal amount (BPA) are adjusted annually to reflect inflation, ensuring that tax thresholds remain current.

For 2025, the Newfoundland and Labrador BPA has increased to $11,067, while tax bracket thresholds have been adjusted by 2.3%. The federal BPA ranges from $14,538 to $16,129, depending on income level. Newfoundland and Labrador’s provincial tax rates start at 8.70% for lower incomes and increase to 21.80% for the highest earners.

When combined with federal tax rates, Newfoundland and Labrador’s marginal tax rates can reach 54.80% for the highest income levels. Understanding these tax brackets helps taxpayers estimate their tax liability, maximize deductions, and optimize financial planning. Use our Newfoundland and Labrador Tax Calculator to quickly and accurately estimate your taxes based on the latest federal and provincial rates.

2025 Federal and Newfoundland and Labrador Tax Brackets and Tax Rates


PaycheckGuru.com - Newfoundland and Labrador Personal Income Tax Brackets and Tax Rates - 2025
2025 Taxable Income
Newfoundland and Labrador Tax Rate 2025
$0 - $44,192
8.70%
$44,193 - $88,382
14.50%
$88,383 - $157,792
15.80%
$157,793 - $220,910
17.80%
$220,911 - $282,214
19.80%
$282,215 - $564,429
20.80%
$564,430 - $1,128,858
21.30%
$1,128,859 -
21.80%

Paycheckguru.com - Combined Federal & Newfoundland and Labrador Tax Brackets and Tax Rates
Taxable Income
Newfoundland and Labrador Marginal Tax Rates 2025
$0 - $44,192
23.70%
$44,193 - $57,375
29.50%
$57,376 - $88,382
35.00%
$88,383 - $114,750
36.30%
$114,751 - $157,792
41.80%
$157,793 - $177,882
43.80%
$177,883 - $220,910
47.12%
$220,911 - $253,414
49.12%
$253,415 - $282,214
52.80%
$282,215 - $564,429
53.80%
$564,430 - $1,128,858
54.30%
$1,128,859 - ∞
54.80%


Paycheckguru.com - Newfoundland and Labrador Basic Personal Amount (2025)
2025
Tax Rate
$11,067
8.70%

Paycheckguru.com - Federal Basic Personal Amount (2025)
Minimum
Maximum
Tax Rate
$14,538
$16,129
15.00%

2024 Federal and Newfoundland and Labrador Tax Brackets and Tax Rates


PaycheckGuru.com - Newfoundland and Labrador Personal Income Tax Brackets and Tax Rates - 2024
2024 Taxable Income
Newfoundland and Labrador Tax Rate 2024
$0 - $43,198
8.70%
$43,199 - $86,395
14.50%
$86,396 - $154,244
15.80%
$154,245 - $215,943
17.80%
$215,944 - $275,870
19.80%
$275,871 - $551,739
20.80%
$551,740 - $1,103,478
21.30%
$1,103,479 -
21.80%

Paycheckguru.com - Combined Federal & Newfoundland and Labrador Tax Brackets and Tax Rates
Taxable Income
Newfoundland and Labrador Marginal Tax Rates 2024
$0 - $43,198
23.70%
$43,199 - $55,867
29.50%
$55,868 - $86,395
35.00%
$86,396 - $111,733
36.30%
$111,734 - $154,244
41.80%
$154,245 - $173,205
43.80%
$173,206 - $215,943
47.12%
$215,944 - $246,752
49.12%
$246,753 - $275,870
52.80%
$275,871 - $551,739
53.80%
$551,740 - $1,103,478
54.30%
$1,103,479 - ∞
54.80%


Paycheckguru.com - Newfoundland and Labrador Basic Personal Amount (2024)
2024
Tax Rate
$10,818
8.70%

Paycheckguru.com - Federal Basic Personal Amount (2024)
Minimum
Maximum
Tax Rate
$14,156
$15,705
15.00%