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Financial Information

Department of Finance, Government of Newfoundland and Labrador

The Department of Finance is responsible for matters relating to budgeting and fiscal policy, the debt management of the province, the collection and payment of employees pensions and benefits, insurance services, the administration of taxation statutes, meeting the broad macroeconomic and statistical requirements of government, and the Office of the Comptroller General.

For all other provincial programs, services and benefits please visit:

Low Income Seniors’ Benefit

The Newfoundland and Labrador Low Income Seniors Benefit is a non-taxable annual payment for individuals who are 65 or older by December 31 of the previous taxation year. No application is required. However, individuals must ensure that their annual income tax return is filed.

Please visit the Department of Finance website for payment rates by using the following link:

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Home Heating Rebate

The Home Heating Rebate is available to residents of the province who directly incur costs to heat their home. Please visit the Department of Finance website for payment rates and an application form by using the following link:

Application forms can also be obtained through the following:

  • the Department of Finance and the Seniors Resource Centre in St. John’s,
  • throughout the province at all Human Resources, Labour and Employment offices and Government Service Centres, and
  • local newspapers.

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Fuel Tank Replacement Program

This program provides assistance to low income homeowners to help offset the cost of replacement of fuel oil tanks. Households who use home heating fuel as their primary source of heat may be eligible for the grant upon replacement of a domestic fuel tank. If you had a tank replaced prior to March 31, 2011 you are eligible to apply for the rebate. This program ended March 31, 2011.

Please visit the Department of Finance website for payment rates and an application form by using the following link:

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Harmonized Sales Tax Credit (HST)

The HST credit is a refundable tax credit for low income residents of this province. The credit is paid in October of each year and is included with the federal GST credit. The amount of the credit is based on net family income from the previous year.

Please visit the Department of Finance website for payment rates by using the following link:

You must apply for the HST credit when you file your annual income tax return.

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Federal Programs and Services

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Federal/Provincial/Territorial Ministers Responsible for Seniors

The area of financial planning and protection is addressed in a series of eight fact sheets on financial matters developed for older Canadians, by the Federal/Provincial/Territorial Ministers Responsible for Aging and Seniors.

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