 At the beginning of his fourth season with the Gulls, Faulkner decided to return to Newfoundland, where he finished his career with the St. John's Capitals, retiring after the 1971–72 season.Faulkner returned home to work in life insurance, and later ran a senior citizens' home in Bishop's Falls.He continued playing amateur hockey well into his 60s and has been inducted into the Newfoundland Hall of Fame.