The province has some of the highest personal income tax rates in North America.
newfoundland & labrador finances
Juillet 16, 2024
2:30AM
Mars 21, 2024
1:08PM
On a per-person basis, government spending will increase to $19,238, the highest of any province in Canada.
Mars 16, 2024
4:00AM
In 2023/24, the province will spend roughly $1.1 billion on debt interest.
Février 2, 2024
2:30AM
The financial burden will likely fall disproportionately on younger lower-income residents looking to enter the housing market.
Janvier 5, 2024
2:30AM
According to polling results, the majority of Atlantic Canadians believe the top income tax rate shouldn’t be over 50 per cent.
Décembre 8, 2023
11:31AM
The province's net debt is $31,749 per person, by far the highest level of any province in Canada.
Novembre 10, 2023
9:34AM
The province’s oil and gas sector produces a significant amount of revenue for the government.
Septembre 15, 2023
11:14AM
Residents of the province face the highest provincial government debt interest costs in the country.
Juillet 21, 2023
2:30AM
The average family in the province earning $117,564 will pay an estimated $56,588 in total taxes.
Juin 2, 2023
3:30AM
Mines in the province employ more than 8,000 people.