Eligibility for the refundable tax credit will be based on family net income from the previous year.
Whether single or as a couple, if you have a family net income between $20,000 and $40,000 you are eligible to get the maximum benefit of $450. You may also be able to get more if you have a spouse, children, or you are claiming the Disability Tax Credit Visit the Newfoundland and Labrador Income Supplement to learn more about how the dollar amount is calculated.
If your family net income is more than $40,000 or lower than $20,000 you may be able to get some of the benefit, depending on your income.
No application is required for the Newfoundland and Labrador Income Supplement. However, you must file your annual income tax return to get this benefit.