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Newfoundland and Labrador has a multi-bracket provincial income tax system. At higher income levels, NL's rates are among the highest in Canada — a meaningful financial consideration for well-compensated professionals considering a move to the province.
| Taxable Income | NL Provincial Rate |
|---|---|
| First $43,198 | 8.7% |
| $43,198–$86,395 | 14.5% |
| $86,395–$154,244 | 15.8% |
| $154,244–$215,943 | 17.8% |
| $215,943–$275,8700 | 19.8% |
| Over $275,8700 | 21.3% |
Brackets are adjusted annually for inflation. These are approximate 2025 figures.
When combined with federal income tax rates, NL residents face the following marginal rates:
| Province | Top Marginal Rate |
|---|---|
| Alberta | ~48% |
| Ontario | ~53.5% |
| Nova Scotia | ~54% |
| Newfoundland | ~54%–55% |
| Quebec | ~53.3% |
NL's top marginal rate is among the highest in Canada, which matters most for incomes above $150,000. For median-income earners ($60,000–$90,000), the difference between NL and other provinces is meaningful but not dramatic — typically $1,000–$3,000/year.
NL residents file a single federal T1 tax return that includes both federal and provincial taxes. Provincial credits are claimed on Schedule NL428. The CRA processes both returns together — there is no separate NL provincial filing.
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