NEWFOUNDLAND AND LABRADOR REGULATION 53/26

NEWFOUNDLAND AND LABRADOR
REGULATION 53/26

Home Heating Supplement Regulations (Amendment) No. 2
under the
Income Tax Act, 2000
(O.C. 2026-242)

(Filed October 30, 2026)

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

Dated at St. John’s, October 30, 2026.

Karen Stone KC
Clerk of the Executive Council

REGULATIONS

Analysis

NLR 70/22
as amended

1. Section 4 of the Home Heating Supplement Regulations is repealed and the following substituted:

Benefit reduction calculation

4. (1) Where an eligible householder's adjusted income is equal to or less than $100,000 for the 2025 taxation year, the amount of overpayment of tax referred to in subsection 3(1) shall be $1,000.

(2) Where an eligible householder's adjusted income is more than $100,000 but less than or equal to $150,000 for the 2025 taxation year, the amount of the overpayment of tax referred to in subsection 3(1) shall be calculated as follows:

$1,000 – [(adjusted income -$100,000) X 1.2%]

Commencement

2. These regulations are considered to have come into force on July 16, 2026.