On 9 April 2025, the Newfoundland and Labrador budget was tabled with no new taxes or income tax increases; a deficit of CA$372m is anticipated for the FY 2025-26.
The provincial corporate income tax rates will remain unchanged, with a small-business tax rate of 2.50% and a general corporate tax rate of 15.00%, effective for the 2025 calendar year.
On 9 April 2025, Newfoundland and Labrador De…
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