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NL Tax and Credits Calculator

Use the tax calculator below to calculate Newfoundland and Labrador Tax and Credits (Line 428).

Step 1 - Newfoundland and Labrador non-refundable tax credits
Basic personal amountclaim $8,76758041
Age amount (if born in 1950 or earlier) (use the Provincial Worksheet)(maximum $5,596)5808+2
Spouse or common-law partner amount
Base amount
Minus: his or her net income from page 1 of your return-
Result: (if negative, enter "0")=(maximum $7,164)5812+3
Amount for an eligible dependant
Base amount
Minus: his or her net income from page 1 of your return-
Result: (if negative, enter "0")=(maximum $7,164)5816+4
Amount for infirm dependants age 18 or older (use the Provincial Worksheet)5820+5
CPP or QPP contributions:
(amount from line 308 of your federal Schedule 1)5824+•6
(amount from line 310 of your federal Schedule 1)5828+•7
Employment insurance premiums:
(amount from line 312 of your federal Schedule 1)5832+•8
(amount from line 317 of your federal Schedule 1)5829+•9
Volunteer firefighters' amount
(amount from line 362 of your federal Schedule 1)5830+10
Child care amount (amount from line 214 of your return)5831+11
Adoption expenses5833+12
Pension income amount(maximum $1,000)5836+13
Caregiver amount (use Provincial Worksheet)5840+14
Disability amount (for self) (Claim $5,915, or if you were under 18 years of age, use the Provincial Worksheet.)5844+15
Disability amount transferred from a dependant (use the Provincial Worksheet)5848+16
Interest paid on your student loans (amount from line 319 of your federal Schedule 1)5852+17
Your tuition and education amounts [use and attach Schedule NL(S11)]5856+18
Tuition and education amounts transferred from a child5860+19
Amounts transferred from your spouse or common-law partner [use and attach Schedule NL(S2)]5864+20
Medical expenses:
Amount from line 330 of your federal Schedule 1586821
Enter $1,910 or 3% of line 236 of your return, whichever is less.-22
Line 21 minus line 22 (if negative, enter "0")=23
Allowable amount of medical expenses for other dependants (use the Provincial Worksheet)5872+24
Add lines 23 and 24.5876+25
Add lines 1 to 20, and line 25.5880=26
Newfoundland and Labrador non-refundable tax credit rate (%)x27
Multiply line 26 by line 27.5884=28
Donations and gifts:
Amount from line 345 of your federal Schedule 9x 7.7% =29
Amount from line 347 of your federal Schedule 9x 14.3% =+30
Add lines 29 and 30.5896=+31
Enter this amount on line 44.6150=32
Step 2 - Newfoundland and Labrador tax on taxable income
Enter your taxable income from line 260 of your return.33
Complete the appropriate column depending on the amount on line 36.Line 33 is $35,008or lessLine 33 is more than $35,008 but not more than $70,015Line 33 is more than $70,015 but not more than $125,000Line 33 is more than $125,000 but not more than $175,000Line 33 is more than $175,000
Enter the amount from line 3334
-----35
Line 34 minus line 35 (cannot be negative)=====36
xxxxx37
Multiply line 36 by line 37=====38
+++++39
Add lines 38 and 39=====40
Step 3 - Newfoundland and Labrador tax
Enter your Newfoundland and Labrador tax on taxable income from line 40.41
Enter your Newfoundland and Labrador tax on split income from Form T1206.6151+•42
Add lines 41 and 42.=43
Enter your Newfoundland and Labrador non-refundable tax credits from line 32.44
NL dividend tax credit: Credit calculated for line 6152 on the Provincial Worksheet6152+•45
NL overseas employment tax credit: Amount from line 426 of your federal Schedule 1x 51.3% =6153+•46
NL minimum tax carryover: Amount from line 427 of your federal Schedule 1x 51.3% =6154+•47
Add lines 44 to 47.=-48
Line 43 minus line 48 (if negative, enter "0")=49
NL additional tax for minimum tax Amount from line 117 of Form T691x 51.3% = +50
Add lines 49 and 50.=51
Enter the provincial foreign tax credit from Form T2036.-52
Line 51 minus line 52 (if negative, enter "0")=53
Political contribution tax credit
Newfoundland and Labrador political contributions made in 2015617554
Credit calculated for line 55 on the Provincial Worksheet(maximum $500)-55
Line 53 minus line 55 (if negative, enter "0")=56
Direct equity tax credit
Enter the credit amount from Form T1272.-57
Line 56 minus line 57 (if negative, enter "0")=58
NL resort property investment tax credit
Enter the credit amount from Form T1297.-59
Line 58 minus line 59 (if negative, enter "0")=60
NL venture capital tax credit
Enter the credit amount from Certificate(s) NL VCTC.6190•61
Unused Newfoundland and Labrador venture capital tax credit from your 2014 notice of assessment or notice of reassessment+62
Line 61 plus line 62=-63
Line 60 minus line 63 (if negative, enter "0")=64
Newfoundland and Labrador low-income tax reduction
If you had a spouse or common-law partner on December 31, 2015, you both have to agree on who will claim this tax reduction. Only one of you can claim it for your family. However, any unused amount can be claimed by the other person.
Enter the amount from line 6465
Unused low-income tax reduction from your spouse or common-law partner-•66
Line 65 minus line 66 (if negative, enter "0")6186=67
(If you claimed an amount on line 66, enter "0" on line 84.)
Adjusted family income for the calculation of the Newfoundland and Labrador low-income tax reduction
Column 1 - YouColumn 2 - Your spouse or common-law partner
Enter the net income amount from line 236 of the return.6868
Total of the universal child care benefit (UCCB) repayment (line 213 of the return) and the registered disability savings plan (RDSP) income repayment (included on line 232)+69+69
Add lines 68 and 69.=70=70
Total of the UCCB income (line 117 of the return) and the RDSP income (line 125 of the return)-71-71
Line 70 minus line 71 (if negative, enter "0")=7272
Add the amounts on line 72 in column 1 and column 2, if applicable. Enter the result on line 79 below.Adjusted family income73
Enter the amount from line 67 above.74
Basic reductionclaim $698618775
Reduction for your spouse or common-law partnerclaim $3886188+76
Reduction for an eligible dependant claimed on line 5816claim $3886189+77
Add lines 75, 76, and 77.(maximum $1,086)=78
Adjusted family income. Enter the amount from line 73 above.79
If you claimed an amount on line 76 or 77, enter $32,052; otherwise, enter $18,955.-80
Line 79 minus line 80 (if negative, enter "0")81
Applicable rate (%)x82
Multiply line 81 by line 82.=-83
Line 78 minus line 83 (if negative, enter "0")Newfoundland and Labrador low-income tax reductionlow-income tax reduction=-84
Line 74 minus line 84 (if negative, enter "0") Enter the result on line 428 of your return.Newfoundland and Labrador tax=85
Unused low-income tax reduction that can be claimed by your spouse or common-law partner
Amount from line 8486
Amount from line 65-87
Line 86 minus line 87 (if negative, enter "0")Unused Amount=88

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