FHSA Refund Calc

Newfoundland and Labrador FHSA & RRSP Tax Refund Calculator 2026

In Newfoundland and Labrador, an $8,000 contribution gives a refund of about $2,800.00 on $70,000 of income and about $2,904.00 on $100,000 (estimate).

Province or territoryNewfoundland and Labrador

This can differ from your salary.

Used for the RRSP 18% limit check. If left blank, the income above is used.

Estimated result

Estimated refund$2,800.00
Refund rate
35.00%
Net cost after refund
$5,200.00
Combined marginal rate
35.00%
Deduction used
$8,000.00
Tax before contribution
$19,912.22
Tax after contribution
$17,112.22
Federal tax before contribution
$11,317.73
Provincial or territorial tax before contribution
$8,594.50

Estimate for information only, not tax or investment advice. Based on 2026 tax rates. Excludes the Ontario Health Premium, CPP/EI and other credits.

Federal brackets · Source: www.canada.ca · As of: Oct 2026

Provincial or territorial brackets · Source: www.canada.ca · As of: Oct 2026

Basic personal amount · Source: www.canada.ca · As of: Oct 2026

Tax rates by income

Marginal and average tax rates by income: Newfoundland and Labrador
Taxable incomeMarginal rateAverage rate
$30,00022.70%11.23%
$50,00028.50%16.43%
$70,00035.00%20.95%
$85,00035.00%23.43%
$100,00036.30%25.30%
$120,00041.80%27.27%
$150,00041.80%30.18%
$200,00047.09%33.79%
$250,00049.09%36.67%

Tax brackets

Newfoundland and Labrador income tax brackets, 2026
Income bracketRate
Up to $44,6788.70%
$44,678 to $89,35414.50%
$89,354 to $159,52815.80%
$159,528 to $223,34017.80%
$223,340 to $285,31919.80%
$285,319 to $570,63820.80%
$570,638 to $1,141,27521.30%
Over $1,141,27521.80%

Source: www.canada.ca · As of: Oct 2026

Federal income tax brackets, 2026
Income bracketRate
Up to $58,52314.00%
$58,523 to $117,04520.50%
$117,045 to $181,44026.00%
$181,440 to $258,48229.00%
Over $258,48233.00%

Source: www.canada.ca · As of: Oct 2026

Provincial or territorial brackets · Source: www.canada.ca · As of: Oct 2026