Newfoundland and Labrador manufacturing and processing profits tax credit
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Newfoundland and Labrador manufacturing and processing profits tax credit
Note
This credit is eliminated effective January 1, 2016. Transitional relief is provided for tax years that begin before January 1, 2016, but end after December 31, 2015.
Corporations that have earned taxable income in Newfoundland and Labrador, and have manufacturing and processing profits are eligible for this credit.
This credit can only be claimed if the corporation has engaged in manufacturing or processing in the tax year from a permanent establishment in Newfoundland and Labrador.
Claiming the credit
Schedule 300, Newfoundland and Labrador Manufacturing and Processing Profits Tax Credit, is a worksheet to calculate the credit and does not have to be filed with your return. See the schedule for more details.
On line 503 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the credit you are claiming.
Forms and publications
- Schedule 300, Newfoundland and Labrador Manufacturing and Processing Profits Tax Credit
- Schedule 5, Tax Calculation Supplementary – Corporations
Government partners
- Newfoundland and Labrador (provincial site)
- Date modified:
- 2017-04-20