Tax CreditNewfoundland and LabradorWorking Capital
Political Contributions Tax Credit
The Political Contributions Tax Credit is a non-refundable tax credit on contributions made to registered political parties, registered district associations or registered non-affiliated candidates, as defined under the Elections Act, 1991, of Newfoundland and Labrador.
Offered by Department of Finance
Amount
The lesser of $500 or the sum of 75% of the total contribution amount if it does not exceed $100; $75 plus 50% of the amount by which the total exceeds $100 if it does not exceed $550; or $300 plus 33 1/3% of the amount by which the total exceeds $550
Quick eligibility check
Years in business
No minimum stated
Employees
No limit stated
Revenue
No limit stated
Legal structure
Incorporated
Location
Newfoundland and Labrador
Who can apply
Applicants must:
- be Newfoundland and Labrador corporations,
- have made contributions to registered political parties, registered district associations or registered non-affiliated candidates.
About the funding
The Political Contribution Tax Credit is equal to the lesser of $500 or the sum of
- 75% of the total contribution amount if the total amount does not exceed $100;
- $75 plus 50% of the contribution amount by which the total amount exceeds $100 if the total amount exceeds $100 and does not exceed $550; or
- $300 plus 33 1/3% of the contribution amount by which the total amount exceeds $550 if the total amount exceeds $550
Claimed through the Canada Revenue Agency on your corporate tax return.
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