EYEY

Canada | Newfoundland and Labrador budget 2025-26

|Tax Alerts, Provincial/State & Local ...|Canada
Canada

  • On 9 April 2025, the Newfoundland and Labrador budget was tabled with no new taxes or income tax increases; a deficit of CA$372m is anticipated for the FY 2025-26.
  • The provincial corporate income tax rates will remain unchanged, with a small-business tax rate of 2.50% and a general corporate tax rate of 15.00%, effective for the 2025 calendar year.
 

On 9 April 2025, Newfoundland and Labrador De…

Continue Reading