Free Newfoundland and Labrador Self-Employed Tax Calculator 2024
Calculate your combined federal and Newfoundland and Labrador provincial income tax as a self-employed individual in 2024. Enter your income and allowable expenses to see your full 2024 tax breakdown based on CRA (Canada Revenue Agency) rates.
Newfoundland and Labrador Provincial Income Tax Bands (2024)
- 8.7% on first C$43,198
- 14.5% on C$43,198–C$86,395
- 15.8% on C$86,395–C$154,244
- 17.8% on C$154,244–C$215,943
- 19.8% on C$215,943–C$275,870
- 20.8% on C$275,870–C$551,739
- 21.3% on income over C$551,739
Provincial personal amount: C$10,818
Federal Income Tax Bands (2024)
- 15% on first C$55,867
- 20.5% on C$55,867–C$111,733
- 26% on C$111,733–C$154,906
- 29% on C$154,906–C$220,000
- 33% on income over C$220,000
Federal Basic Personal Amount: C$15,705
CPP Contributions (Self-Employed)
Self-employed Canadians pay CPP at 10.9% on net income between C$3,500 and C$68,500 for 2024.
Sales Tax — HST
Newfoundland and Labrador uses HST (15% combined). GST/HST registration is required once annual revenues exceed C$30,000.