Newfoundland and Labrador manufacturing and processing profits tax credit

Corporations that have earned taxable income in Newfoundland and Labrador, and have manufacturing and processing profits are eligible for this credit.

This credit can only be claimed if the corporation has engaged in manufacturing or processing in the tax year from a permanent establishment in Newfoundland and Labrador.

Claiming the credit

We provide Schedule 300, Newfoundland and Labrador Manufacturing and Processing Profits Tax Credit, as a worksheet to help you calculate the credit.  It does not have to be filed with the return. See the schedule for more details.

On line 503 of Schedule 5, Tax Calculation Supplementary - Corporations, enter the amount of the credit you are claiming.

Forms and publications

• Schedule 300, Newfoundland and Labrador Manufacturing and Processing Profits Tax Credit
• Schedule 5, Tax Calculation Supplementary - Corporations

Government partners

• Newfoundland and Labrador (provincial site)