5001-PC Information Sheet for Residents of Newfoundland and Labrador

All the information you need to calculate your Newfoundland tax and Newfoundland political contribution tax credit is on Form T1C (NFLD.), Newfoundland Tax and Credit. We have included two copies of the form, and it is also available on the Canada Customs and Revenue Agency (formerly Revenue Canada) web site at: www.ccra-adrc.gc.ca/1999-T1package/ . Attach a completed copy of Form T1C (NFLD.) to your return.

Enquiries

If you have questions, contact:

Newfoundland Research and Development Tax Credit

You may qualify for this credit if, in 1999, your business had a permanent establishment in Newfoundland, and you made eligible expenditures for scientific research and experimental development in Newfoundland. To claim the credit, attach to your return a completed Form T1129, Newfoundland Research and Development Tax Credit (Individuals).

Newfoundland programs for low-income individuals and families

Newfoundland Harmonized Sales Tax Credit (NHSTC)

The NHSTC is a tax-free payment to help people with low incomes who may be affected by the harmonized sales tax (HST). Under the NHSTC, individuals or families with a net income of $15,000 or less receive an annual amount of $40 per adult and $60 for each child under 19. The amount is reduced if family net income is more than $15,000. To receive payments under the NHSTC, you (or your spouse) should apply for the GST/HST credit on your (or your spouse's) tax return. Benefits will be combined with the October payment of the federal GST/HST credit.

Newfoundland Seniors' Benefit (NSB)

The NSB is a tax-free annual payment of $200 for individuals 65 or older with family net income of $12,000 or less. Qualifying families with family net income between $12,000 and $20,000 will get a partial benefit. To receive payments under the NSB, you (or your spouse) should apply for the GST/HST credit on your (or your spouse's) tax return. Benefits will be combined with the October payment of the federal GST/HST credit.

Newfoundland and Labrador Child Benefit (NLCB)

The NLCB is a tax-free monthly payment to qualifying families with children under age 18. Under the NLCB, you may be entitled to receive an annual benefit of $204 for the first child ($17 per month), $312 for the second child ($26 per month), $336 for the third child ($28 per month), and $360 ($30 per month) for each additional child. If your family net income is more than $15,921, the benefit will be reduced based on two factors: the number of children in your family and the amount of your family net income. Benefits are fully phased out when family net income reaches $20,921.

There is no need to apply separately to receive payments under the NLCB. We will use the information from your Canada Child Tax Benefit application to determine your eligibility for the program. Benefits from this program are combined with the Canada Child Tax Benefit into a single monthly payment.

For more information about your NLCB, call 1-800-387-1193.

File your tax return - You (and your spouse) should file your 1999 tax return(s) as soon as possible. We will automatically calculate the amount of any payments you are entitled to receive under all three of these programs based on the information you (and your spouse) submit on your return(s).

The NHSTC, the NSB, and the NLCB are funded entirely by the Province of Newfoundland and Labrador.