Finance

Low Income Tax Reduction

The Low Income Tax Reduction (LITR) is a provincial personal income tax reduction for low income individuals and families.

For the 2017 taxation year, the LITR will eliminate provincial income tax for individuals with net income up to $19,411 or for families with net income up to $32,824. Partial tax reductions will be received by individuals with net income up to $24,486 and for families with net income up to $40,724.

For the 2018 taxation year, the LITR will eliminate provincial income tax for individuals with net income up to $19,994 or for families with net income up to $33,808. Partial tax reductions will be received by individuals with net income up to $25,213 and for families with net income up to $41,933.

The LITR income thresholds are increased annually utilizing the provincial Consumer Price Index.

Legislative reference to the Low Income Tax Reduction can be found here: Income Tax Act

For more information respecting Low Income Tax Reduction please contact:

Department of Finance

Fiscal and Economic Policy Branch
P.O. Box 8700
St. John's, NL
A1B 4J6
Tel: (709) 729-3166
Fax: (709) 729-0393
 
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