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  1. Tax Information Bulletins – Gasoline Tax See Forms and Applications for a more extensive list. For more information about corporate income taxes in Newfoundland and Labrador, please contact the Tax Administration Division .

  2. Dec 21, 2023 · The price of gasoline, diesel and stove oil in Labrador are up due to rising costs for suppliers tied to federal clean fuel regulations, according to Newfoundland and Labrador's Public...

    • The Benchmark
    • Marking Up
    • Then Comes The Taxes
    • More Transparency Coming, Says Government

    To calculate motor fuel prices each week, the PUB pays for data from Platts U.S. Marketscan, an overview of United States fuel markets which sets a daily "benchmark" price. The benchmark price for gas is influenced by numerous factors, including the price of crude oil and global events like the COVID-19 pandemic and Russia's invasion of Ukraine in ...

    Once the PUB has calculated that base price for motor fuel — $1.2477 per litre on the Avalon Peninsula as of Friday — it adds what it calls a "total allowed markup." That markup was $0.2593 per litre of self-service gas on the Avalon Peninsula on Friday. In a statement provided to CBC News, PUB director of corporate services Cheryl Blundon said tha...

    After that, it's time to add taxes — which is where the government does have some say in what people pay. In the House of Assembly, Progressive Conservative Opposition members have hammered the provincial government for its gas tax. Finance Minister Siobhan Coady hasn't budged on current taxation, and said eliminating the carbon tax on gas could me...

    Last week, Digital Government and Service N.L. Minister Sarah Stoodley announced details of new amendmentsto the Petroleum Products Act, meant to give more transparency to how the PUB calculates fuel prices. "Right now, government doesn't have the information on, for example, what's involved in the total allowed markup. That's kind of a mystery for...

  3. May 26, 2022 · The price of gasoline sits at around $2.22 per litre on the Avalon Peninsula but is as high as $2.47 per litre in parts of Labrador, while diesel ranges from $2.25 in Newfoundland to near $3...

  4. Newfoundland and Labrador proposes to retain the existing carbon tax approach, including exemptions for home heating fuels, that came into effect in 2019 (Annex A) for other sectors of the economy.

  5. Jul 1, 2021 · Effective July 1, 2023, New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador will become listed provinces under the federal Greenhouse Gas Pollution Pricing Act. This means that fuel used in these jurisdictions will be subject to the fuel charge under the Act.

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  7. Feb 21, 2022 · The Canada Revenue Agency (CRA) is committed to making sure residents of Newfoundland and Labrador get the benefits and credits they are entitled to. Due to the continued challenges of COVID-19, this will be another unique tax-filing season.