Newfoundland and Labrador research and development tax credit
grant_single|update April 27, 2025
NL, Canada
Provides a refundable tax credit for eligible R&D in Newfoundland and Labrador
grant_single_labels_website|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Manufacturing
- Professional, scientific and technical services
grant_single|grantors
- Government of Newfoundland and Labrador
grant_single|status
grant_card_status|open
grant_single_labels_website|preview
The Newfoundland and Labrador Research and Development Tax Credit offers a fully refundable credit equal to 15% of eligible R&D expenditures incurred within the province. This program supports corporations with a permanent establishment in Newfoundland and Labrador to undertake qualifying research and development activities.
grant_single_labels_website|terms_and_conditions
- Refundable tax credit equal to 15% of eligible research and development expenditures.
- The credit must first be applied against taxes payable before any refund is issued.
grant_single_labels_website|projects
- Research and development projects conducted within Newfoundland and Labrador.
grant_single|admissibleProjectsExample
$ 20,000
Implementing ergonomic workstations for staff injury prevention
$ 40,000
Upgrading digital point-of-sale systems to support accessibility
$ 75,000
Launching a mobile mental health outreach van for vulnerable populations
$ 55,000
Energy-efficient refrigeration upgrade for independent grocery retailer
$ 30,000
Developing a youth mentorship program in the arts sector
$ 50,000
Offering certified trades training for newcomers to Canada
grant_single_labels_website|admissibility
- The applicant must have a permanent establishment in Newfoundland and Labrador.
- The applicant must have made eligible expenditures for research and development activities carried out in Newfoundland and Labrador.
grant_eligibility_criteria|who_can_apply
- Corporations with a permanent establishment in Newfoundland and Labrador that incur eligible research and development expenditures in the province
grant_eligibility_criteria|eligible_expenses
- Expenditures for research and development activities carried out in Newfoundland and Labrador.
grant_eligibility_criteria|zone
- Newfoundland and Labrador
grant_single_labels_website|apply
- Step 1: Complete Schedule 301Fill out Schedule 301, Newfoundland and Labrador Research and Development Tax Credit, providing the required information on eligible research and development expenditures.
- Step 2: Calculate the CreditDetermine the amount of credit earned for the year based on 15% of eligible expenditures.
- Step 3: Report on Schedule 5Enter the amount of credit earned on line 520 of Schedule 5, Tax Calculation Supplementary – Corporations.
- Step 4: File with Corporate Tax ReturnSubmit the completed Schedule 301 and other required forms with your corporate income tax return.
- Ensure that your submission is filed no later than 12 months after your corporation’s filing due date.
grant_single_labels_website|otherInfo
- The credit is fully refundable but must first be applied to offset total taxes payable before a refund is issued.
- The claim requires submission of a completed Schedule 301 with your corporate tax return.
- Schedule 301 must be filed no later than 12 months after your corporation's filing due date.
- The amount of credit earned must be reported on line 520 of Schedule 5, Tax Calculation Supplementary – Corporations.
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