Finance - Financial Corporations Capital Tax

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Financial Corporations Capital Tax

Banks, loan and trust companies with permanent establishments in Newfoundland are subject to a 4% capital tax.
Tax is payable on capital allocated to Newfoundland including:

paid-up capital stock

contributed surplus

retained earnings

reserves

For companies with aggregate capital less than $10 million, the first $5 million is exempt from the tax.
This province does not impose a general capital tax.

Tax e-Filing

Financial Corporations Capital Tax Act

Financial Corporations Capital Tax - Regular

Financial Corporations Capital Tax - Annual

The Taxation and Fiscal Policy Branch is responsible for the administration of the capital tax. For further information on this tax please contact:

Department of Finance
Taxation and Fiscal Policy Branch
P.O. Box 8700
St. John's, Newfoundland
A1B 4J6
Telephone: (709) 729-6297 or 1-877-729-6376
Collection Inquiries: 1-877-729-1695
Fax: (709) 729-2856
E Mail: taxadmin@mail.gov.nl.ca

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