Earnings statement · Newfoundland and Labrador
Newfoundland and Labrador payroll deductions
The amounts to withhold from a Newfoundland and Labrador paycheque this period: federal tax, provincial tax, employee CPP, and EI.
Earnings statement
T4127 Option 1
Net pay
$
Your deductions
Employer pays
These amounts are not withheld from you. They are the employer’s statutory CPP and EI premiums on this pay.
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Show the working
| Factor | Value | Definition |
|---|---|---|
| A | Annual taxable income (T4127 Chapter 4, Step 1) | |
| R | Federal tax rate (T4127 Chapter 8, Table 8.1) | |
| K | Federal constant; the tax overcharged when applying the higher federal rates to A (T4127 Chapter 8, Table 8.1) | |
| K1 | Federal non-refundable personal tax credit (lowest federal tax rate × TC) (T4127 Chapter 4, Step 2) | |
| K2 | Federal tax credit for base CPP contributions and EI premiums (T4127 Chapter 4, Step 2) | |
| K4 | Federal non-refundable tax credit calculated using the Canada employment amount (T4127 Chapter 4, Step 2) | |
| T3 | Annual basic federal tax (T4127 Chapter 4, Step 2) | |
| T1 | Annual federal tax deduction (T4127 Chapter 4, Step 3) | |
| V | Provincial or territorial tax rate (T4127 Chapter 8, Table 8.1) | |
| KP | Provincial or territorial constant (T4127 Chapter 8, Table 8.1) | |
| K1P | Provincial or territorial non-refundable personal tax credit (lowest provincial rate × TCP) (T4127 Chapter 4, Step 5) | |
| K2P | Provincial or territorial tax credit for base CPP contributions and EI premiums (T4127 Chapter 4, Step 5) | |
| T4 | Annual basic provincial or territorial tax (T4127 Chapter 4, Step 4) | |
| V1 | Provincial surtax calculated on the basic provincial tax (Ontario only) (T4127 Chapter 4, Step 5) | |
| V2 | Ontario Health Premium calculated on taxable income (T4127 Chapter 4, Step 5) | |
| S | Provincial tax reduction (Ontario and British Columbia) (T4127 Chapter 4, Step 5) | |
| T2 | Annual provincial or territorial tax deduction (except Quebec) (T4127 Chapter 4, Step 5) | |
| T | Estimated federal and provincial or territorial tax deductions (T4127 Chapter 4, Step 6). Why it can differ from total_tax | |
| TB | Tax on the current bonus or retroactive pay: the difference between annual tax (T1+T2) with the non-periodic payment and without it (T4127 Chapter 4, bonuses and retroactive pay) | |
| M | Year-to-date federal and provincial tax already deducted on periodic pay (Option 2). Does not include extra tax requested (L) or tax on bonuses (M1) (T4127 Chapter 5) | |
| M1 | Accumulated federal and provincial tax deductions on non-periodic payments such as bonuses (T4127 Chapter 5) | |
| C | Canada (or Quebec) Pension Plan contributions (T4127 Chapter 6) | |
| C2 | Second additional Canada (or Quebec) Pension Plan contributions (T4127 Chapter 6) | |
| EI | Employment insurance premiums (T4127 Chapter 7) | |
| F5 | Deductions for Canada Pension Plan additional contributions (T4127 Chapter 4, Step 1) | |
| BPAF | Federal Basic Personal Amount (T4127 Chapter 2; Table 8.2) | |
| K3 | Other federal non-refundable tax credits authorized by a tax services office or tax centre (T4127 Chapter 4, Step 2) | |
| K3P | Other provincial or territorial non-refundable tax credits authorized by a tax services office or tax centre (T4127 Chapter 4, Step 5) | |
| K4P | Territorial non-refundable tax credit calculated using the provincial or territorial Canada employment amount (T4127 Chapter 4, Step 5) | |
| K5P | Provincial supplemental non-refundable tax credit (lowest provincial tax rate) (T4127 Chapter 4, Step 5) | |
| LCF | Federal labour-sponsored funds tax credit (T4127 Chapter 4, Step 3) | |
| LCP | Provincial or territorial labour-sponsored funds tax credit (T4127 Chapter 4, Step 5) | |
| Y | Additional Ontario tax-reduction amount based on the number of eligible dependants (T4127 Chapter 4, Step 5) | |
| F5A | CPP additional-contribution deduction (T4127 Chapter 4, Step 1) | |
| F5B | CPP additional-contribution deduction (T4127 Chapter 4, Step 1) | |
| D | Employee’s year-to-date (before the pay period) Canada Pension Plan contribution with the employer (T4127 Chapter 6) | |
| D1 | Employee’s year-to-date (before the pay period) employment insurance premium with the employer (T4127 Chapter 7) | |
| D2 | Employee’s year-to-date (before the pay period) second additional CPP contribution with the employer (T4127 Chapter 6) | |
| P | The number of pay periods in the year (T4127 Chapter 4, Step 1) | |
| PR | The number of pay periods left in the year (including the current pay period) (T4127 Chapter 4, Step 1) | |
| PM | Total months during which CPP and/or QPP contributions are required (used to prorate the maximum contribution) (T4127 Chapter 6) | |
| S1 | Option 2 cumulative-averaging pair: total pay periods / current pay-period number (for example 52/1 (T4127 Chapter 5) | |
| CEA | Canada Employment Amount (T4127 Chapter 8, Table 8.2) | |
| TC | Total claim amount reported on federal Form TD1 (T4127 Chapter 2) | |
| TCP | Total claim amount reported on the provincial or territorial Form TD1 (T4127 Chapter 2) | |
| IE | Insurable earnings (T4127 Chapter 7) | |
| QPIP | Quebec Parental Insurance Plan premium (T4127 Chapter 8, Table 8.29) |
Sources
Every factor this pay used, with the CRA T4127 table it comes from.
Employer cost is CPP + CPP2 + 1.4× EI. The July TCP change does not change employer premiums.
Newfoundland and Labrador has eight brackets, the most in T4127, and a July 2026 TCP jump that is option-scoped.
Eight rates
8.70% to $44,678; 14.50%; 15.80%; 17.80%; 19.80%; 20.80%; 21.30%; 21.80% from $1,141,275. The top two bands exist so that very high A still has a published K. No other province publishes a bracket whose threshold is above $1 million.
January TCP $11,188; July TCP is option-scoped
The 123rd edition raises the personal amount: Option 1 TCP $15,000, Option 2 $13,094. Brackets and rates are otherwise the same as January. A 30 June vs 1 July NL pay date with identical gross therefore changes K1P, not R. That is a different mid-year event from BC’s first-bracket proration.
Indexation 1.1%
The lowest provincial index factor in the 2026 files. Thresholds move slowly; the eight-band shape is inherited, not a 2026 invention.
No LCP in the file
Unlike NS/NB/PE/MB/SK, the NL JSON has no lcp object.