Find out what tax bracket you are in as well as your marginal and average tax rate for the 2024 & 2025 tax year.
Newfoundland 2024 provincial tax bracket
| Newfoundland Provincial Tax Bracket | Tax Rate |
|---|---|
| first $43,198 | 8.7% |
| over $43,198 up to $86,395 | 14.5% |
| over $86,395 up to $154,244 | 15.8% |
| over $154,244 up to $215,943 | 17.8% |
| over $215,943 up to $275,870 | 19.8% |
| over $275,870 up to $551,739 | 20.8% |
| over $551,739 up to $1,103,478 | 21.3% |
| over $1,103,478 | 21.8% |
Federal Tax Bracket 2024
This is the portion of federal taxes that are charged in Newfoundland for 2024:
| Federal Tax Bracket | Tax Rate |
|---|---|
| $55,867 or less | 15.00% |
| $55,867 to $111,733 | 20.50% |
| $111,733 to $173,205 | 26.00% |
| $173,205 to $246,752 | 29.00% |
| More than $246,752 | 33.00% |
