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NL
Manufacturing and Processing Investment Tax Credit
Provincial tax credit for qualified manufacturing and processing capital property.
About this program
The Manufacturing and Processing Investment Tax Credit gives corporations a 10 percent credit on eligible capital property used in qualified manufacturing, processing, fishery, farming, or forestry activities in Newfoundland and Labrador.
Eligibility
Corporations with a permanent establishment in NL that acquire eligible capital property for use in qualified business activities in the province.
Requirements
- Claim credit on corporate income tax return
- Maintain documentation of eligible property, cost, location, and qualified use