If you’re an individual, beneficiary of a trust, or member of a partnership with a business located in Newfoundland and Labrador, and you incurred expenses for scientific research and experimental development (SR&ED) activities conducted in the province during the year, you might be able to claim the Newfoundland and Labrador research and development tax credit. This refundable tax credit allows you to claim 15% of your research and development expenses, as long as these expenses are eligible for federal SR&ED tax credits.
Note: You can’t claim amounts that have already been reduced by another form of government or non-government assistance (besides HST and GST tax credits).
Where do I claim this?
Follow these steps in H&R Block’s 2017 tax software:
Before you begin, make sure that you told us that you lived in Newfoundland and Labrador on December 31, 2017.
- Under the PREPARE tab, click the IN THIS SECTION icon.
- Under Income from self-employment, a business you own, or a profession (lawyer, accountant, etc.) and related expenses (vehicle, advertising, travel, etc.) click the Add This button and select Newfoundland and Labrador as your province of self-employment.
- Click the EMPLOYMENT icon. You’ll find yourself here:
- Under the CREDITS AND REBATES heading, select the checkbox labelled Newfoundland and Labrador research and development tax credit for individuals (T1129) then click Continue.
- When you arrive at the page for the Newfoundland and Labrador research and development tax credit for individuals, enter your information into the tax software.
