Newfoundland and Labrador interactive digital media tax credit

Important notice

Changes to the Newfoundland and Labrador interactive digital media tax credit have been announced. See what's new for Newfoundland and Labrador corporations.

You can claim this credit if you paid eligible salaries and remuneration for eligible interactive digital media projects in the province.

This refundable credit is equal to 40% of qualifying expenditures on or after January 1, 2015.

Qualifying expenditures are eligible salaries and 65% of eligible remuneration. The credit is limited to $40,000 per employee and $2 million per corporation or group of associated corporations per year.

The minister of Finance for the Province of Newfoundland and Labrador will issue a tax credit certificate to a corporation that produces an eligible interactive digital media project in the province.

For most projects, the credit may be claimed for the year in which the expenses were incurred. For projects developed primarily for government, the whole credit may be claimed for the tax year during which the project was completed.

Claim this credit no later than 18 months after the end of the tax year for which you are claiming the credit.

Claiming the credit

Enter the amount of the credit you are claiming on line 522 of Schedule 5, Tax Calculation Supplementary – Corporations.

If there is only one certificate, enter the certificate number on line 840 of Schedule 5.

If there is more than one certificate, complete Schedule 309, Additional Certificate Numbers for the Newfoundland and Labrador Interactive Digital Media Tax Credit, and file it with your return. See the schedule for more details.

Supporting documents – File the certificates (or a copy) with your return. Keep a copy for your records.

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