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Canada: Tax measures in Newfoundland and Labrador budget

Canada: Tax measures, Newfoundland and Labrador budget

Newfoundland and Labrador’s budget, presented 30 September 2020, does not include any changes to the corporate or individual (personal) tax rates but does propose indirect tax changes.


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The 2020 budget in Newfoundland and Labrador would:

  • Increase the tobacco tax, effective 1 October 2020
  • Introduce a 20% tax on vaping products
  • Increase the carbon tax rate, effective 1 October 2020
  • Decrease the provincial gas tax on gasoline, effective 1 October 2020

Read a September 2020 report [PDF 241 KB] prepared by the KPMG member firm in Canada

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