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.

The Scientific Research and Experimental Development Tax Credit is provided under Section 42 of the Income Tax Act, 2000.

The Federal Government administers the Scientific Research and Experimental Development Tax Credit on behalf of the Province. The Canada Revenue Agency (CRA) can answer your questions regarding the Scientific Research and Experimental Development Tax Credit. You can contact them at 1-800-959-5525. Additional information can be obtained from the CRA website.