The Taxation of Utilities and Cable Television Companies Act gives the authority to a council to charge utilities and cable television companies a municipal business tax at a rate of not more than 2.5% of a company’s gross revenue for the previous year. The legislation also establishes a provincial business tax on utilities and cable television companies that provide services in unincorporated areas of the province.
The provincial business tax is also based on a company’s gross revenue from the previous year.
The current provincial rates are as follows:
- Utilities – 2.5%
- Cable Television – 0%
Utilities tax is administered by the province.
- Tax e-Filing
- Tax Information Bulletin On Utility and Cable Television Companies Tax
- Taxation of Utilities and Cable Television Companies Act
- Blank Returns – Utilities and Cable Television Companies Tax (1.2 MB)
For more information about corporate income taxes in Newfoundland and Labrador, please contact the Tax Administration Division.
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