What it costs to live and work in Newfoundland and Labrador: the minimum wage, provincial income tax, sales tax and rent, from official sources, and what they mean for your monthly budget.
| Newfoundland and Labrador | Source | |
|---|---|---|
| General minimum wage | $16.35 an hour | Government of Newfoundland and Labrador news release: Minister Goosney announces increase to minimum wage effective April 1, 2026 |
| Provincial income tax | 8.7 % to 21.8 % | Canada Revenue Agency: Tax rates and income brackets for individuals, current year (2026) |
| Sales tax | 15 % HST | Canada Revenue Agency: GST/HST calculator (and rates) |
| Rent (Median monthly shelter cost of renter households (rent plus utilities paid by the household), all renter households) | $870 a month (2021) | Statistics Canada, Census 2021, table 98-10-0253-01: Shelter cost by tenure including presence of mortgage payments and subsidized housing |
The general minimum wage is $16.35 an hour since April 1, 2026. It is adjusted every April 1 by the change in the national consumer price index, so the next change is due April 1, 2027; the amount is not out yet.
For 2026, the province taxes the first $44,678 of taxable income at 8.7 % and income over $1,141,275 at 21.8 %, across eight brackets. The basic personal amount is $13,094, raised from $11,188 in April 2026 back to January 1.
Newfoundland and Labrador charges 15 % HST (5 % federal plus 10 % provincial).
What income does rent in Newfoundland and Labrador take?
A common guideline is to keep housing at or below 30 % of gross income. At $870 a month, that means a household income of about $34,800 a year before tax.
Good to know
- On April 29, 2026 the province raised the 2026 basic personal amount from $11,188 to $13,094, retroactive to January 1; payroll uses a prorated $15,000 from July to December so the year evens out.
- The minimum overtime rate is $24.53 an hour since April 1, 2026.
Sources
- Government of Newfoundland and Labrador news release: Minister Goosney announces increase to minimum wage effective April 1, 2026 (2026-02-26)
- Canada Revenue Agency: Tax rates and income brackets for individuals, current year (2026) (2026-06-25)
- Canada Revenue Agency: GST/HST calculator (and rates) (2025-04-01)
- Statistics Canada, Census 2021, table 98-10-0253-01: Shelter cost by tenure including presence of mortgage payments and subsidized housing (2022-09-21)
- Canada Revenue Agency: T4127 Payroll Deductions Formulas, 123rd edition, effective July 1, 2026 (2026-05)