NEWFOUNDLAND AND LABRADOR
REGULATION 70/19
Low Income Tax Reduction Regulations for the 2019 Taxation Year
under the
Income Tax Act, 2000
(O.C. 2019-215)
(Filed October 8, 2019)
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, October 7, 2019.
Elizabeth Day
Clerk of the Executive Council
REGULATIONS
Analysis
Short title
1.
These regulations may be cited as the Low Income Tax Reduction Regulations for the 2019
Taxation Year
.
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Definition
2.
In these regulations, "Act" means the Income Tax Act, 2000
.
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Low income tax reduction amounts
3.
For the purposes of the Act, for the 2019 taxation year
(a)
the amount referred to in paragraph 21.1(2.1)(a) is $850; and
(b)
the amount referred to in paragraph 21.1(2.1)(b) is $474.
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Repeal
4.
The Low Income Tax Reduction Regulations for 2016, 2017 and 2018 Taxation Years
, Newfoundland
and Labrador
Regulations 122/18 is repealed.
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Commencement
5.
These regulations are considered to have come into force on January 1, 2019.
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