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Newfoundland and Labrador NEWFOUNDLAND AND LABRADOR Low
Income Tax Reduction Regulations for the 2016, 2017 and 2018 Taxation Years (Filed December 27, 2018) 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, December 27, 2018. Ann Marie Hann 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 2016, 2017 and 2018 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 2016 taxation year (i) the amount referred to in paragraph 21.1(2.1)(a) is $746, and (ii) the amount referred to in paragraph 21.1(2.1)(b) is $415; (b) for the 2017 taxation year (i) the amount referred to in paragraph 21.1(2.1)(a) is $812, and (ii) the amount referred to in paragraph 21.1(2.1)(b) is $452; and (c) for the 2018 taxation year (i) the amount referred to in paragraph 21.1(2.1)(a) is $835, and (ii) the amount referred to in paragraph 21.1(2.1)(b) is $465. Repeal 4. The
Low Income Tax Reduction Regulations for
the 2015 Taxation Year, Commencement 5. (1)
These regulations, except for paragraphs 3(b) and (c), are considered to have
come into force on January 1, 2016. (2) Paragraph
3(b) is considered to have come into force on January 1, 2017. (3) Paragraph
3(c) is considered to have come into force on January 1, 2018. ©Queen's Printer |