Newfoundland & Labrador edition
What Is Income Tax?
- Income tax is money that you pay to the government from your earnings. Your employer deducts income tax from your pay and gives it to the government.
- If you are self-employed, you must reserve a portion of your earnings to pay to the government at the end of the fiscal year
- The rate of tax you pay depends on how much money you make. The less income you make, the less income tax you pay the government.
NL - Income Tax Tool