Newfoundland and Labrador Tax

Form NL428

2023

Protected B when completed

For more information about this form, go to canada.ca/nl-tax-info.

Part A – Newfoundland and Labrador tax on taxable income

Enter your taxable income from line 26000 of your return.

Use the amount from line 1 to complete the appropriate column below.

Line 1 is
$41,457 or less

Line 1 is more than
$41,457 but not
more than $82,913

Line 1 is more than
$82,913 but not
more than $148,027

Line 1 is more than
$148,027 but not
more than $207,239

Amount from line 1

Line 2 minus line 3

–

(cannot be negative)

Line 4 multiplied by the

x 8.7%

x 14.5%

x 15.8%

x 17.8%

percentage from line 5

Line 6 plus line 7

Newfoundland and Labrador

tax on taxable income

If you completed lines 2 to 8 for a column above, enter the amount from line 8 on line 63 and continue at line 16.

Line 1 is more than
$207,239 but not
more than $264,750

Line 1 is more than
$264,750 but not
more than $529,500

Line 1 is more than
$529,500 but not
more than $1,059,000

Line 1 is more
than $1,059,000

Amount from line 1

Line 9 minus line 10

–

(cannot be negative)

Line 11 multiplied by the

x 19.8%

x 20.8%

x 21.3%

x 21.8%

percentage from line 12

Line 13 plus line 14

Newfoundland and Labrador

tax on taxable income

If you completed lines 9 to 15 for a column above, enter the amount from line 15 on line 63 and continue at line 16.

Part B – Newfoundland and Labrador non-refundable tax credits

Internal use

56000

Basic personal amount

Claim $10,382

58040

Age amount (if you were born in 1958 or earlier) (use Worksheet NL428)

(maximum $6,627)

58080

Spouse or common-law partner amount:

Base amount

Your spouse's or common-law partner's net income

from line 23600 of their return

–

Line 18 minus line 19 (if negative, enter "0")

(maximum $8,483)

58120

►

Amount for an eligible dependant:

Base amount

Your eligible dependant's net income from line 23600 of their return

–

Line 21 minus line 22 (if negative, enter "0")

(maximum $8,483)

58160

►

Amount for infirm dependants age 18 or older (use Worksheet NL428)

58200

Add lines 16, 17, 20, 23, and 24.

5001-C E(23)

(Ce formulaire est disponible en français.)

Page 1 of 4

Quick edit form(mobile version)

Protected B when completed

Part B – Newfoundland and Labrador non-refundable tax credits

(continued)

Amount from line 25 of the previous page

CPP or QPP contributions:

Amount from line 30800 of your return

58240

•27

Amount from line 31000 of your return

58280

•28

Employment insurance premiums:

Amount from line 31200 of your return

58300

•29

Amount from line 31217 of your return

58305

•30

Volunteer firefighters' amount

58315

Search and rescue volunteers' amount

58316

Child care amount

58320

Adoption expenses

58330

Add lines 27 to 34.

►

Line 26 plus line 35

Pension income amount

(maximum $1,000)

58360

Caregiver amount (use Worksheet NL428)

58400

Add lines 36 to 38.

Disability amount for self

(claim $7,005, or if you were under 18 years of age, use Worksheet NL428)

58440

Disability amount transferred from a dependant(use Worksheet NL428)

58480

Add lines 39 to 41.

Interest paid on your student loans (amount from line 31900 of your return)

58520

Your tuition and education amounts (attach Schedule NL(S11))

58560

Tuition and education amounts transferred from a child or grandchild

58600

Amounts transferred from your spouse or common-law partner (attach Schedule NL(S2))

58640

Add lines 42 to 46.

Medical expenses:

Amount from line 33099 of your return

58689

Amount from line 23600 of your return

Applicable rate

x 3%

Line 49 multiplied by the percentage from line 50

Enter whichever is less: $2,261 or the amount on line 51.

–

Line 48 minus line 52 (if negative, enter "0")

Allowable amount of medical expenses for other dependants

(use Worksheet NL428)

58729

Line 53 plus line 54

58769

►

Line 47 plus line 55

58800

Newfoundland and Labrador non-refundable tax credit rate

x 8.7%

Line 56 multiplied by the percentage from line 57

58840

Donations and gifts:

Amount from line 13

of yourfederal Schedule 9

x 8.7% =

Amount from line 14

of yourfederal Schedule 9

x 21.8% =

Line 59 plus line 60

58969

►

Line 58 plus line 61

Enter this amount on line 66.

Newfoundland and Labrador non-refundable tax credits

61500

5001-C E (23)

Page 2 of 4

Quick edit form(mobile version)

Protected B when completed

Part C – Newfoundland and Labrador tax

Newfoundland and Labrador tax on taxable income from line 8 or 15

Newfoundland and Labrador tax on split income (complete Form T1206)

61510

•64

Line 63 plus line 64

Newfoundland and Labrador non-refundable tax credits from line 62

Newfoundland and Labrador dividend tax credit (use Worksheet NL428)

61520

•67

Newfoundland and Labrador minimum tax carryover:

Amount from line 40427 of your return

x 58% =

61540

•68

Add lines 66 to 68.

►

–

Line 65 minus line 69 (if negative, enter "0")

Newfoundland and Labrador additional tax for minimum tax purposes:

Amount from line 118 of Form T691

x 58% =

Line 70 plus line 71

Provincial foreign tax credit (complete Form T2036)

–

Line 72 minus line 73 (if negative, enter "0")

Newfoundland and Labrador political contributions made in 2023

61750

Newfoundland and Labrador political contribution tax credit (use Worksheet NL428)

(maximum $500)

–

Line 74 minus line 76 (if negative, enter "0")

Direct equity tax credit (complete Form T1272)

–

Line 77 minus line 78 (if negative, enter "0")

Resort property investment tax credit (complete Form T1297)

–

Line 79 minus line 80 (if negative, enter "0")

Venture capital tax credit from Certificate(s) NL VCTC

61820

•82

Unused Newfoundland and Labrador venture capital tax credit from

your most recent notice of assessment or reassessment

Line 82 plus line 83

►

–

Line 81 minus line 84 (if negative, enter "0")

Newfoundland and Labrador low-income tax reduction

If you had a spouse or common-law partner on December 31, 2023, you and your spouse or
common-law partner need to decide who will claim this tax reduction for your family. Any unused
amount from line 108 can be claimed by the other spouse or common-law partner on line 86 of
their Form NL428.

Unused low-income tax reduction from your spouse or common-law partner:

Amount from line 108 of your spouse's or common-law partner's Form NL428, if any

61860

–

•86

Line 85 minus line 86 (if negative, enter "0")

If you are claiming an amount on line 86, enter the amount from line 87 on line 94, enter "0" on
line 104, and continue on line 105. If not, continue on the next page.

5001-C E (23)

Page 3 of 4

Quick edit form(mobile version)

Protected B when completed

Part C – Newfoundland and Labrador tax (continued)

Adjusted family income calculation for the

Column 1

Column 2

Newfoundland and Labrador low-income tax reduction

You

Your spouse or

common-law partner

Net income from line 23600 of the return

Total of the universal child care benefit (UCCB) repayment
(line 21300 of the return) and the registered disability savings plan

(RDSP) income repayment (included on line 23200 of the return)

Line 88 plus line 89

Total of the UCCB income (line 11700 of the return) and the RDSP

income (line 12500 of the return)

–

Line 90 minus line 91 (if negative, enter "0")

Add the amounts from line 92 of columns 1 and 2.

Enter this amount on line 99.

Adjusted family income

Amount from line 87 of the previous page

Basic reduction

Claim $936

61870

Reduction for spouse or common-law partner

Claim $523

61880

Reduction for an eligible dependant claimed on line 58160

Claim $523

61890

Add lines 95 to 97.

(maximum $1,459)

Adjusted family income:

Amount from line 93

If you claimed an amount on line 96 or line 97,

enter $37,957; if not, enter $22,447.

–

100

Line 99 minus line 100 (if negative, enter "0")

101

Applicable rate

x 16%

102

Line 101 multiplied by the percentage from line 102

►

–

103

Line 98 minus line 103

Newfoundland and Labrador

(if negative, enter "0")

low-income tax reduction

►

–

104

Line 94 minus line 104 (if negative, enter "0")

Enter this amount on line 42800 of your return.

Newfoundland and Labrador tax

105

Unused low-income tax reduction that your spouse or common-law partner can claim

Amount from line 104 above

106

Amount from line 85 of the previous page

–

107

Line 106 minus line 107 (if negative, enter "0")

Unused amount

108

See the privacy notice on your return.

5001-C E (23)

Page 4 of 4