Dividend tax in Newfoundland and Labrador.
Combined federal and provincial marginal rates for 2026. Four kinds of investment income, four different rates — and one that is not taxed at all.
| Taxable income | Interest & foreign | Capital gains | Eligible dividends | Non-eligible |
|---|---|---|---|---|
| First $44,678 | 22.70% | 11.35% | 1.90% | 12.04% |
| $44,678 up to $58,523 | 28.50% | 14.25% | 9.91% | 18.71% |
| $58,523 up to $89,354 | 35.00% | 17.50% | 18.88% | 26.19% |
| $89,354 up to $117,045 | 36.30% | 18.15% | 20.67% | 27.68% |
| $117,045 up to $159,528 | 41.80% | 20.90% | 28.26% | 34.01% |
| $159,528 up to $181,440 | 43.80% | 21.90% | 31.02% | 36.31% |
| $181,440 up to $223,340 | 47.09% | 23.55% | 35.56% | 40.09% |
| $223,340 up to $258,482 | 49.09% | 24.55% | 38.32% | 42.39% |
| $258,482 up to $285,319 | 52.80% | 26.40% | 43.44% | 46.66% |
| $285,319 up to $570,638 | 53.80% | 26.90% | 44.82% | 47.81% |
| $570,638 up to $1,141,275 | 54.30% | 27.15% | 45.51% | 48.38% |
| $1,141,275 and above | 54.80% | 27.40% | 46.20% | 48.96% |
2026 combined federal and Newfoundland and Labrador rates. Dividend rates are a percentage of the dividend actually received, and capital gains rates of the full gain — the gross-up, credit and 50% inclusion are already inside them.
Reading the table
Return of capital is not in the table, because it is not taxed on receipt at any income in any province. It lowers your adjusted cost base instead, and returns as a capital gain when you sell — taxed at the capital gains column, years later. How that works.
Interest and foreign income share a column because both are fully taxable with no credit. Foreign tax already withheld at source is recoverable as a credit — but only outside a TFSA or RRSP, where there is no Canadian tax to credit it against.
Least taxed in Newfoundland and Labrador
Every fund covered here, by what a dollar of its distribution actually costs someone in Newfoundland and Labrador on $90,000 of income. The spread is wide: HYLD at 0.0% against RMAX at 15.2%.
| Symbol | Sector | Tax on each $1 | Return of capital | Yield |
|---|---|---|---|---|
| HYLD | US Multi-Sector | 0.0% | 100% | 11.59% |
| LMAX | Healthcare | 1.2% | 92% | 12.35% |
| AMAX | Gold | 1.6% | 90% | 10.58% |
| SMAX | US Equity | 2.5% | 83% | 9.82% |
| QMAX | Technology | 3.0% | 84% | 9.76% |
| HMAX | Financials | 3.5% | 83% | 10.96% |
| HDIV | Canadian Multi-Sector | 4.5% | 75% | 9.30% |
| EMAX | Energy | 5.4% | 71% | 10.26% |
| UMAX | Utilities | 5.5% | 73% | 14.10% |
| RMAX | REITs | 15.2% | 38% | 10.36% |
Non-registered only — inside a TFSA or RRSP none of this applies. Based on each fund's published 2025 character applied at $90,000 of income, prices as at 2026-08-04. Not tax advice.
Work it out on your own numbers.
Set your income and the amount invested, and see what any of these would actually cost you in tax.