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Newfoundland and Labrador has Canada's most complex provincial income tax structure, with ten brackets and a top marginal rate of 21.3% — the highest top provincial rate in the country. Combined with the federal rate, total marginal rates can reach approximately 54.8% at very high incomes. The province also levies 15% HST.
| Taxable Income | NL Provincial Rate |
|---|---|
| $0 – $43,198 | 8.70% |
| $43,198 – $86,395 | 14.50% |
| $86,395 – $154,244 | 15.80% |
| $154,244 – $215,943 | 17.80% |
| $215,943 – $275,870 | 19.80% |
| $275,870 – $551,739 | 20.80% |
| $551,739 – $1,000,000 | 21.30% |
| Over $1,000,000 | 21.30% |
| Income Range | Combined Rate |
|---|---|
| $0 – $43,198 | 23.70% |
| $43,198 – $57,375 | 29.50% |
| $57,375 – $86,395 | 35.00% |
| $86,395 – $114,750 | 36.30% |
| $114,750 – $154,244 | 41.80% |
| $154,244 – $158,519 | 43.80% |
| $158,519 – $215,943 | 46.80% |
| $215,943 – $220,000 | 48.80% |
| $220,000 – $275,870 | 52.80% |
| Over $275,870 | 53.80%–54.80% |
Newfoundland's basic personal amount is $10,818 for 2025.
Like the other Atlantic provinces, Newfoundland and Labrador participates in the HST system at 15% (5% GST + 10% provincial component). Basic groceries, prescription medications, and some other items are exempt.
Newfoundland benefits significantly from offshore oil revenues (Hibernia, Terra Nova, White Rose), which fund public services. However, fluctuating oil prices create revenue volatility. The province has among Canada's highest public debt per capita, contributing to its need for higher tax revenue. Despite high rates, St. John's housing prices remain far below major Canadian metros.
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