Tax brackets

Newfoundland & Labrador 2020 tax brackets

Federal and provincial tables for employment income. Each bracket applies only to income inside its range.

Federal: 5 brackets, top rate 33.0% above $214,368.

Newfoundland & Labrador: 5 brackets, top rate 18.3% above $190,363.

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Marginal vs. average

A marginal rate applies only to income within a bracket, not your total income.

2020 brackets

Combined marginal rate

Marginal rates apply to income inside each range.

Last verified: 2025-12-20

Bracket range	Rate
$0 to $37,929	23.7%
$37,929 to $48,535	29.5%
$48,535 to $75,858	35.0%
$75,858 to $97,069	36.3%
$97,069 to $135,973	41.8%
$135,973 to $150,473	43.3%
$150,473 to $190,363	46.3%
$190,363 to $214,368	47.3%
Over $214,368	51.3%

Upper bounds reflect the start of the next bracket. The last bracket applies above the final threshold.

Notes: Federal tax brackets (CRA T4032 payroll tables). Thresholds are lower bounds; rates are decimals. BPA reflects the maximum 'enhanced' amount introduced in 2020 for incomes below the phase-out threshold ($150,473).

Sources

Full sources & verification

2020 brackets