Visualize your income tax brackets and see how income gets taxed at each level.
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.
Federal · 2024
5 brackets · 15.0–33.0%15.0%
20.5%
Bracket 02
$55,867to$111,733
26.0%
Bracket 03
$111,733to$173,205
29.0%
Bracket 04
$173,205to$246,752
33.0%
8.70%
14.5%
Bracket 02
$43,198to$86,395
15.8%
Bracket 03
$86,395to$154,244
17.8%
Bracket 04
$154,244to$215,943
19.8%
Bracket 05
$215,943to$275,870
20.8%
Bracket 06
$275,870to$551,739
21.3%
Bracket 07
$551,739to$1,103,478
21.8%
Bracket 08
$1,103,478and up