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.  There are no carry-back or carry-forward provisions.

Claiming the credit

File a completed Schedule 301, Newfoundland and Labrador Research and Development Tax Credit, with the 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

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

Government partners

• Newfoundland and Labrador (provincial site)