Newfoundland & Labrador Tax Rates

Newfoundland & Labrador

2025 Tax Rates

Personal Income Tax — Combined Federal + Provincial

Top marginal rates — 2025

Other income 54.8%Capital gains 27.4%Elig. dividends 46.2%Non-elig. dividends 48.96%

Income Range	Other Income	Capital Gains	Eligible Dividends	Non-Elig. Dividends
Up to $44,192	23.2%	11.6%	2.59%	12.62%
$44,192 – $57,375	29%	14.5%	10.6%	19.29%
$57,375 – $88,382	35%	17.5%	18.88%	26.19%
$88,382 – $114,750	36.3%	18.15%	20.67%	27.68%
$114,750 – $157,792	41.8%	20.9%	28.26%	34.01%
$157,792 – $177,882	43.8%	21.9%	31.02%	36.31%
$177,882 – $220,910	47.11%	23.56%	35.59%	40.12%
$220,910 – $253,414	49.11%	24.56%	38.35%	42.42%
$253,414 – $282,214	52.8%	26.4%	43.44%	46.66%
$282,214 – $564,429	53.8%	26.9%	44.82%	47.81%
$564,429 – $1,128,858	54.3%	27.15%	45.51%	48.38%
Over $1,128,858	54.8%	27.4%	46.2%	48.96%

NL has multiple high-income brackets extending to $1,128,858+, producing Canada's highest top marginal rate.

Corporate Income Tax

General Rate30%Combined fed + prov

Small Business Rate11.5%CCPC active business income

Business Limit$500,000SB rate applies up to this limit

Integrated Rates — Corporate + Personal

Integration analysis shows the total tax cost when income flows through a corporation and is then distributed to a top-bracket individual shareholder, compared with earning the same income directly as salary.

Route	Corp Rate	Top Personal Rate	Combined Integrated Rate	vs. Salary
Salary / DirectBaseline	—	54.8%	54.8%	—
Corp (General) → Eligible DividendPublic company or CCPC above limit	30%	46.2%	62.34%	+7.54%
Corp (CCPC/SB) → Non-Eligible DividendCCPC within small-business limit	11.5%	48.96%	54.83%	+0.03%

All rates are % of actual amount received: dividend rates apply to the actual dividend (not the grossed-up taxable amount) and capital gains rates apply to the total gain (not the 50% taxable inclusion). A negative eligible dividend rate means the dividend tax credit exceeds the gross-up, resulting in a net tax refund on that income. Corporate rates shown are combined federal and Newfoundland & Labrador provincial rates and may differ from federal-only figures. The integration analysis compares routes for a top-bracket individual shareholder and is an approximation only; actual results depend on individual circumstances.