Closed
Newfoundland and Labrador resort property investment tax credit
Tax credit for resort property investment
Last Update: June 8, 2026
Funding available
$ 150,000
Timeline
- Receipt of requests is now closed
Location
Newfoundland and Labrador, Canada
Overview
This tax credit supports investment in qualifying resort development property in Newfoundland and Labrador. It equals 45% of the investment, up to a lifetime maximum credit of $150,000.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- No objectives are currently available
Eligible Funding
- Maximum amount : 150,000 $
- Up to 45% of project cost
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Arts, entertainment and recreation
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Investment in qualifying resort development property in Newfoundland and Labrador.
Documents Needed
- Completed Schedule 304.
- Form NLRPITC–1 issued by Newfoundland and Labrador.
- T2 corporate tax return.
- Schedule 5, Tax Calculation Supplementary – Corporations.
Official resources
Eligibility
Who is eligible?
- Corporations investing in qualifying resort development property.
Eligible expenses
- Investment in a qualifying resort development property unit.
Eligible geographic areas
- Newfoundland and Labrador.
How to apply
- Step 1: Complete the tax credit schedule
- Fill out Schedule 304, Newfoundland and Labrador Resort Property Investment Tax Credit.
- Step 2: Claim the credit on your return
- Enter the credit amount on line 507 of Schedule 5.
- File the completed forms with your T2 return.
- Step 3: Include supporting documentation
- Attach Form NLRPITC–1 issued by the province with your T2 return.
Processing and Agreement
- The credit is claimed on the corporation’s T2 return.
- Schedule 304 must be completed and filed to claim the credit.
- The claimed amount is entered on line 507 of Schedule 5.
- The province issues Form NLRPITC–1 for qualifying investments.
Additional information
- The credit must be claimed on the corporation’s T2 return.
- Unused credit can be carried forward for seven tax years or back for three tax years.
- The province issues Form NLRPITC–1 for qualifying investments.
Contacts
Frequently Asked Questions about the Newfoundland and Labrador resort property investment tax credit Program
What is the Newfoundland and Labrador resort property investment tax credit?
This tax credit supports investment in qualifying resort development property in Newfoundland and Labrador. It equals 45% of the investment, up to a lifetime maximum credit of $150,000.
How much funding can be received?
Newfoundland and Labrador resort property investment tax credit Funds up to 45% of admissible expenses, capped at $150,000 per project.
Who is eligible for the Newfoundland and Labrador resort property investment tax credit program?
To be eligible for the Newfoundland and Labrador resort property investment tax credit program, you must:
Investment in qualifying resort property.
Located in Newfoundland and Labrador.
Five-year ownership requirement.
What expenses are eligible under Newfoundland and Labrador resort property investment tax credit?
Investment in qualifying resort development property in Newfoundland and Labrador.
Who can I contact for more information about the Newfoundland and Labrador resort property investment tax credit?
You can contact Government of Newfoundland and Labrador (CBDC) by email at none or by phone at none.
Where is the Newfoundland and Labrador resort property investment tax credit available?
The Newfoundland and Labrador resort property investment tax credit program is available the province of Newfoundland and Labrador.
Is the Newfoundland and Labrador resort property investment tax credit a grant, loan, or tax credit?
Newfoundland and Labrador resort property investment tax credit is a Tax Credits