• The low income tax reduction is a provincial personal income tax reduction for low income individuals and families.
   
• For the 2008 taxation year, this credit will eliminate provincial income tax for individuals with net income up to $13,143 and for families with net income up to $21,231. Partial tax reductions will be received by individuals with net income up to $15,643 and for families with net income up to $24,425.
   
• The Low Income Tax Reduction will be indexed annually utilizing the Consumer Price Index.

  Reference to the Low Income Tax Reduction can be found under the Income Tax Act

For more information respecting Low Income Tax Reduction please contact:

Department of Finance
Taxation and Fiscal Policy Branch
P.O. Box 8700
St. John’s, NL
A1B 4J6
Telephone: (709) 729-3166
Fax: (709) 729-2070
E Mail: TaxPolicy@gov.nl.ca