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Protected B when completed 

Newfoundland and Labrador Tax

T3NL


2024
 
 
 
Complete this form for a trust resident in Newfoundland and Labrador or for a non-resident trust that carries on a business through a permanent establishment in Newfoundland and Labrador. Include a
completed copy of this form with the trust's return.
 
Taxable income (line 47 of the return)    1
 

Step 1 – Newfoundland and Labrador tax on taxable income

 
Graduated Rate Estates (GRE) or Qualified Disability Trusts (QDT)
 
Use the amount on line 1 to determine which one of the following columns you have to complete.
 


If the amount from line 1 is:
 

$43,198 or less
more than $43,198,
but not more than
$86,395
more than $86,395,
but not more than
$154,244
more than $154,244,
but not more than
$215,943
more than $215,943,
but not more than
$275,870
more than $275,870,
but not more than
$551,739
more than $551,739,
but not more than
$1,103,478

more
than $1,103,478
 
Enter the amount from line 1.    2
Base amount    3
Line 2 minus line 3   = = = = = = = =  4
Rate    x               8.7%  x              14.5%  x              15.8%  x             17.8%  x             19.8%  x             20.8%  x             21.3%  x             21.8%  5
Line 4 multiplied by line 5   = = = = = = = =  6
Tax on base amount   + + + + + + + +  7
Line 6 plus line 7
Newfoundland and Labrador
   
tax on taxable income   = = = = = = = =  8
 
Trusts other than GRE and QDT
 
Newfoundland and Labrador tax on taxable income: (amount from line 1)   x 21.8% =    9
 

Step 2 – Donations and gifts tax credit

Total donations and gifts:
  Line 14 of Schedule 11A 13012  
  On the first $200 or less     x 8.7% =    10
  On the remainder     x 21.8% =   +  11
  Line 10 plus line 11 Donations and gifts tax credit  13014 = 12
 

Step 3 – Newfoundland and Labrador tax

Enter the amount from line 8 or line 9 above. 13011 13
Newfoundland and Labrador recovery tax (line 43 of Form T3QDT-WS) 13013 + 14
Line 13 plus line 14 Subtotal   =  15
 
Continue on the next page.
 
T3NL E(24) (Ce formulaire est disponible en français.) Page 1 of 2   Canada Logo

Protected B when completed
 
Step 3 – Newfoundland and Labrador tax (continued)
Donations and gifts tax credit (line 12)    16
 
Dividend tax credit:
  Line 24 of Schedule 8   x 22.88% = 13018 + 17
  Line 31 amount of Schedule 8   x 24.533% = 13015 + 18
Minimum tax carryover:
  Line 20 of Schedule 11   x 58% = 13016 + 19
Add lines 16 to 19. Total credits   =  ►  20
Line 15 minus line 20 (if negative, enter "0") Subtotal   =  21
 
Newfoundland and Labrador additional tax for minimum tax purposes (amount A of Chart 3 from Schedule 12) 13002 + 22
Line 21 plus line 22 Subtotal 13005 =  23
 
Newfoundland and Labrador foreign tax credit (from Form T3 PFT, T3 Provincial or Territorial Foreign Tax Credit) 13060 24
 
Line 23 minus line 24 (if negative, enter "0") Newfoundland and Labrador tax 13090 =  25
Enter the amount of line 25 on line 50 of the return.
 
If you have questions...
If you have questions about Newfoundland and Labrador tax and credits, visit the Canada Revenue Agency (CRA) website at canada.ca/taxes or call 1-800-959-8281.
 
See the privacy notice on your return.
 
T3NL E(24) Page 2 of 2