Scientific Research and Experimental Development Tax Credit
Individuals, corporations and partners of partnerships who have conducted scientific research or experimental development activities in the province of Newfoundland and Labrador during the taxation year might be able to claim the provincial Scientific Research and Experimental Development Tax Credit.
This refundable tax credit allows you to claim 15% of your eligible research and development expenditures as long as these expenditures are eligible for the federal Scientific Research and Experimental Development tax credits.
Offered by Department of Finance
Amount
Refundable tax credit of 15% of eligible research and development expenditures (expenditures must be eligible for the federal SR&ED tax credits)
Quick eligibility check
Who can apply
Applicants must:
- be individuals, corporations and partners of partnerships;
- have conducted scientific research or experimental development activities in the province of Newfoundland and Labrador;
- have research and development expenditures that are eligible for the federal Scientific Research and Experimental Development tax credits.
About the funding
This refundable tax credit allows you to claim 15% of your eligible research and development expenditures as long as these expenditures are eligible for the federal Scientific Research and Experimental Development tax credits.
Similar programs
| Program | Type | Amount | Status |
|---|---|---|---|
| Investment Tax Credits (ITC) on Qualified Expenditures for Scientific Research and Experimental Development (SR&ED) | Tax Credit | Non-refundable ITC of 15% of the SR&ED qualified expenditure pool | Open |
| Scientific Research and Experimental Development Tax Incentive Program (SR&ED) | Tax Credit | Investment tax credit at a basic rate of 15% | Open |
