Table 4 – Tax brackets

Federal – 2016
$45,282 or less 15%
$45,283– $90,563 $6,792 + 20.5% on next $45,281
$90,564 – $140,388 $16,075 + 26% on next $49,825
$140,389 – $200,00 $29,029 + 29% on next $59,612
$200,001 and over
$46,317 + 33% on excess
  • 15% rate used for AMT and credits, except for charitable donations over $200.
Newfoundland and Labrador – 2016
$35,148 or less 8.2%
$35,149 – $70,295 $2,882 + 13.5% on next $35,147
$70,296 – $125,500 $7,627 + 14.55% on next $55,205
$125,501 – $175,700 $15,659 + 15.8% on next $50,200
$175,701 and over $23,591 + 16.8% on excess
  • 8.2% rate used for credits, except for charitable donations over $200.
Tax credit for dividends from Canadian corporations – 2016
Eligible dividends1 Ordinary dividends2
Federal 15.02% 10,52%
Newfoundland and Labrador 5.4% 4.1/3.5%3

1 Gross-up is 38%.
2 Gross-up is 17%.
3 The first rate applies to dividends received from January 1, 2016 to June 30, 2016, and the second to those received on or after July 1, 2016.