NEWFOUNDLAND AND LABRADOR
REGULATION 18/26

Low Income Tax Reduction Regulations for the 2025 and 2026 Taxation Years
under the
Income Tax Act, 2000
(O.C.2026-093)

(Filed May 14, 2026)

Under the authority of sections 21.1 and 68 of the Income Tax Act, 2000, the Lieutenant-Governor in Council makes the following regulations.

Dated at St. John’s, May 11, 2026.

Karen Stone KC
Clerk of the Executive Council

REGULATIONS

Analysis

        1.   Short title

        2.   Definition

        3.   Low income tax reduction amounts

        4.   Repeal

        5.   Commencement

 

 

Short title

        1. These regulations may be cited as the Low Income Tax Reduction Regulations for the 2025 and 2026 Taxation Years.

Definition

        2. In these regulations, "Act" means the Income Tax Act, 2000.

Low income tax reduction amounts

        3. For the purpose of the Act,

             (a)  for the 2025 taxation year,

                      (i)  the amount referred to in paragraph 21.1(2.1)(a) of the Act is $997, and

                     (ii)  the amount referred to in paragraph 21.1(2.1)(b) of the Act is $557; and

             (b)  for the 2026 taxation year,

                      (i)  the amount referred to in paragraph 21.1(2.1)(a) of the Act is $842, and

                     (ii)  the amount referred to in paragraph 21.1(2.1)(b) of the Act is $563.

Repeal

        4. The Low Income Tax Reduction Regulations for the 2024 Taxation Year, Newfoundland and Labrador Regulation 60/24, are repealed.

Commencement

        5. (1) These regulations, except for paragraph 3(b), are considered to have come into force on January 1, 2025.

             (2)  Paragraph 3(b) is considered to have come into force on January 1, 2026.

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