Check out all the tax credits and incentives available in Newfoundland and Labrador, Prince Edward Island, Nova Scotia and New Brunswick.
Information last updated: June 1, 2020
New Brunswick Research and Development (R&D) Tax Credit
Amount:
15% of qualifying expenditures
Who can apply (eligibility):
Qualifying RD expenditures incurred by corporations in New Brunswick including:
work done to achieve technological advancement to create or improve, new materials, devices, products or processes
to advance scientific knowledge with or without a specific practical application in view
and work that directly supports and is commensurate the above (i.e. engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research)
Newfoundland and Labrador Interactive Digital Media (IDM) Tax Credit
Amount:
40% of qualifying expenditures, including eligible salaries and 65% of eligible remuneration, limited to $40,000 per employee per year and $2 million per company.
Who can apply (eligibility):
Be primarily carrying on the business of interactive digital media development
Have a permanent establishment in the province of NL
Be a taxable Canadian corporation
Hold a valid registration certificate under the IDM program
Newfoundland and Labrador Film and Video Tax Credit
Amount:
Lesser of 40% of eligible Newfoundland and Labrador labour expenditures or 25% of total production costs of an eligible project up to $4 million a year.
Who can apply (eligibility):
The company must:
Be incorporated under the Corporations Act or an Act of the Parliament of Canada or of the legislature of a province
Have permanent establishment in the Province
Primarily carry on the business of film, television or video production
