Preview of the Tool

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


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Toronto, Ontario M5S 1V4, Canada