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. 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
- Newfoundland and Labrador (provincial site)
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