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Compare Provinces & Territories

Visualize your income tax brackets and see how income gets taxed at each level.

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Tax Brackets · 2024

Newfoundland and Labrador, Canada

Federal and provincial marginal rates. You only pay the higher rate on income that falls inside each bracket — not on your whole paycheck.

Combine

Stacked by bracket

5 federal · 8 provincial
FederalProvincial

Federal · 2024

15.0%
$0 – $55,867
20.5%
$55,867 – $111,733
26.0%
$111,733 – $173,205
29.0%
$173,205 – $246,752
33.0%
$246,752 +
$55,867
to
$0
$111,733
to
$55,867
$173,205
to
$111,733
$246,752
to
$173,205
up
and
$246,752

Newfoundland and Labrador · 2024

$43,198
to
$0
$86,395
to
$43,198
$154,244
to
$86,395
$215,943
to
$154,244
$275,870
to
$215,943
$551,739
to
$275,870
$1,103,478
to
$551,739
up
and
$1,103,478
8.70%
$0 – $43,198
14.5%
$43,198 – $86,395
15.8%
$86,395 – $154,244
17.8%
$154,244 – $215,943
19.8%
$215,943 – $275,870
20.8%
$275,870 – $551,739
21.3%
$551,739 – $1,103,478
21.8%
$1,103,478 +

Income

Step 01 · CAD
23.7% marginalThe combined federal + provincial bracket rate on your next dollar of income — earlier dollars keep their lower rates. Each segment on the bar below is one bracket: the darker the segment, the higher its rate. This is the published bracket rate; the marginal rate in your results can differ slightly once surtaxes and credits are factored in.
23.7%29.5%36.3%41.8%46.8%48.8%52.8%53.8%

50% inclusion rate - only half is taxable

Actual amount received: T5 box 24

Actual amount received: T5 box 10

Taxed as regular income: no gross-up or dividend tax credit

Net of expenses. You pay both halves of CPP, no EI

Net rental, interest, royalties. Bracket rates apply, no CPP/EI

Calculated taxes

Enter your income to see federal, provincial, CPP & EI broken down by bracket.