NEWFOUNDLAND AND LABRADOR
REGULATION 54/14

Low Income Tax Reduction Regulations, 2014
under the
Income Tax Act, 2000
(O.C. 2014-166)

(Filed July 8, 2014)

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

Dated at St. John's, July 3, 2014.

Julia Mullaley
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, 2014.

Definition

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

Low income tax reduction amounts

        3. For the purpose of the Act, for the 2014 taxation year

             (a)  the amount referred to in paragraph 21.1(2.1)(a) is $683; and

             (b)  the amount referred to in paragraph 21.1(2.1)(b) is $380.

Repeal

        4. The Low Income Tax Reduction Regulations, 2013, Newfoundland and Labrador Regulations 78/13, is repealed.

Commencement

        5. These regulations are considered to have come into force on January 1, 2014.

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