Closed
Source verified June 8, 2026
Newfoundland and Labrador resort property investment tax credit
Tax credit for resort property investment
Funding available
$ 150,000
Deadline
Closed
Location
Newfoundland and Labrador, Canada
Overview
Ce crédit d'impôt soutient l'investissement dans un bien de villégiature admissible à Terre-Neuve-et-Labrador. Il équivaut à 45 % du montant investi, jusqu'à un crédit maximal à vie de 150 000 $.
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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
Eligible candidates
Eligible Industries
- All industries
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
- 1. Download and save the PDF to your computer.
- 2. Open the downloaded PDF in Acrobat Reader 10 or later.
Processing and Agreement
- Schedule 304 must be completed and filed to claim the credit.
- The claimed amount is entered on line 507 of Schedule 5.
Additional information
- Unused credit can be carried forward for seven tax years or back for three tax years.
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?
Ce crédit d'impôt soutient l'investissement dans un bien de villégiature admissible à Terre-Neuve-et-Labrador. Il équivaut à 45 % du montant investi, jusqu'à un crédit maximal à vie de 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).
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