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All the information you need to calculate your Newfoundland and Labrador tax and credits can be found in the publication called Completing your Newfoundland and Labrador form. Complete Form NL428, Newfoundland and Labrador Tax and Credits, and attach it to your return.

What's new for 2007?

The tax rates used to calculate your provincial tax have been reduced. In addition, the income levels, the provincial non-refundable tax credits, and the Newfoundland and Labrador low-income tax reduction have been increased. These measures may reduce the amount of Newfoundland and Labrador tax that you pay.

The new Resort Property Investment tax credit will provide a non-refundable tax credit of up to $50,000 per year to investors who invest in a qualified resort development property.

Form NL428, Newfoundland and Labrador Tax and Credits reflects these changes.

Newfoundland and Labrador programs for low-income individuals and families

Newfoundland Harmonized Sales Tax Credit

The Newfoundland Harmonized Sales Tax Credit (NHSTC) is a non-taxable payment to help people with low income who may be affected by the harmonized sales tax (HST). Under the NHSTC, individuals or families with net income of $15,000 or less get an annual amount of $40 per adult and $60 for each child under 19. This amount is reduced if family net income is more than $15,000.

To get these payments, you (or your spouse or common-law partner) should apply for the GST/HST credit on page 1 of your tax return. Benefits will be combined with the October payment of the federal GST/HST credit.

Newfoundland and Labrador Seniors' Benefit

The Newfoundland and Labrador Seniors' Benefit (NLSB) is a non-taxable annual payment of $384 for individuals 65 or older with family net income of $15,333 or less. Qualifying families with family net income between $25,000 and $31,586 will get a partial benefit.

To get these payments, you (or your spouse or common-law partner) should apply for the GST/HST credit on page 1 of your tax return. Benefits will be combined with the October payment of the federal GST/HST credit.

Newfoundland and Labrador Child Benefit and Mother Baby Nutrition Supplement

The Newfoundland and Labrador Child Benefit (NLCB) is a non-taxable amount paid monthly to help low-income families with the cost of raising children under age 18.

Under the NLCB, you may be entitled to a benefit of $26.83 per month for the first child, $28.50 per month for the second child, $30.58 per month for the third child, and $32.83 per month for each additional child. Qualifying families with net income between $17,397 and $22,397 will get a partial benefit.

The Mother Baby Nutrition Supplement (MBNS) is an additional benefit for families who have children under the age of one. Under the MBNS, you may be entitled to a benefit of $60 per month for each child under the age of one if your family net income is under $22,397.

There is no need to apply separately to get the NLCB or MBNS. We will use the information from your Canada Child Benefits application to determine your eligibility for the NLCB and MBNS. Benefits are combined with the Canada Child Tax Benefit into one monthly payment.

For more information about these programs, call the Canada Revenue Agency (CRA) at 1-800-387-1193 .

File your tax return - You (and your spouse or common-law partner) should file your 2007 tax return(s) as soon as possible. We will automatically calculate the amount of any payments you are entitled to get under all three of these programs based on information you give on your return(s).

These programs are fully funded by the Province of Newfoundland and Labrador.

If you have questions…

If you need more help about Newfoundland and Labrador tax and credits after you read the publication called Completing your Newfoundland and Labrador form, call the Canada Revenue Agency (CRA) at 1-800-959-8281 .

To get forms, visit the CRA Forms and publications page or call 1-800-959-2221 .