Newfoundland Income Tax Calculator (2020 & 2021).

Best Income Tax Calculator

Estimate your 2021 total income taxes with only a few details about your income

Employment Income
Other Income All other incomes such as rental income, interest, EI, and CPP.
Capital Gains
Eligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian public company, earned by a resident Canadian citizen.
Ineligible DividendsAn qualified dividend is a taxable dividend paid by a Canadian private company, earned by a resident Canadian citizen.

Results

Total Income
$ 55,000
Total Tax
$ 18,032.52
Income Tax
$ 14,801.27
EI Premiums
$ 790
CPP Contribution
$ 2,441.25
After-Tax Income
$ 40,198.73
Average Tax Rate
26.91%
Marginal Tax Rate
35%

Canada Federal and Newfoundland tax brackets 2021

Your taxable income places you in the following tax brackets.

Federal tax bracketFederal tax rates
Less than $13,229 0%
$13,230 to $48,53515%
$48,536 to $97,06920.5%
$97,070 to $150,47326%
$150,474 to $214,36829%
More than $214,369 33%
Newfoundland tax bracketNewfoundland tax rates
Less than $19,372 0%
$19,373 to $37,9298.7%
$37,930 to $75,85814.5%
$75,859 to $135,43215.8%
$135,433 to $189,60417.3%
More than $189,605 18.3%

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