Newfoundland and Labrador research and development tax credit

You can claim this credit if you have a permanent establishment in Newfoundland and Labrador and if you made eligible expenditures for research and development carried out in Newfoundland and Labrador.

The credit is equal to 15% of eligible expenditures.

The credit is fully refundable, but must first be applied against total taxes payable.

Claiming the credit

File a completed Schedule 301, Newfoundland and Labrador Research and Development Tax Credit, with your return no later than 12 months after the filing due date of the corporation. See the schedule for more details.

On line 520 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of credit earned in the year.

Forms and publications

• Schedule 301, Newfoundland and Labrador Research and Development Tax Credit
• Schedule 5, Tax Calculation Supplementary – Corporations

Government partners

• Newfoundland and Labrador (provincial site)