Newfoundland and Labrador

+ REQUIREMENTS

Be incorporated in Canada or in one of Canada’s provinces; have a permanent establishment in the province; be in the business of film, television, or video production; not be a broadcaster or cable company; submit Part I of the application to PictureNL before the first day of principal photography in the province; and submit Part II of the application within 18 months of the end of a tax year.

+ QUALIFIED SPEND

Qualified spend includes salaries and wages paid to Newfoundland and Labrador residents; nonresident salaries and wages (limited to the amount of qualifying resident salaries and wages); and eligible Newfoundland and Labrador expenditures directly attributable to the production of an eligible production.

+ SUMMARY

This program is administered on a first-come, first-served basis. A qualified eligible corporation may earn a fully refundable tax credit equal to 40% of the total qualified production costs. The maximum tax credit that may be received by an eligible corporation, together with all companies associated with that corporation, is CAD 10 million per 12-month period.

Newfoundland and Labrador INCENTIVES
INCENTIVE RATES	40% Nonpayroll Spend & Labor
TYPE OF INCENTIVE	Refundable Tax Credit
PER PROJECT INCENTIVE CAP	10M Per 12-Month Period
MINIMUM SPEND	0
FUNDING CAP	No Cap
QUALIFIED LABOR	Each Resident & Nonresident
IS LOAN OUT WITHHOLDING/REGISTRATION REQUIRED	No / No
SCREEN CREDIT	Yes
AUDIT REQUIRED	Yes
SUNSET DATE	None
ENACTED BILL NUMBER	Section 45 Reg. 31/23

Newfoundland and Labrador INCENTIVES

INCENTIVE RATES

40% Nonpayroll Spend & Labor

TYPE OF INCENTIVE

Refundable
Tax Credit

PER PROJECT INCENTIVE CAP

10M Per 12-Month Period

MINIMUM SPEND

FUNDING CAP

No Cap

QUALIFIED LABOR

Each Resident & Nonresident

IS LOAN OUT WITHHOLDING/REGISTRATION REQUIRED

No / No

SCREEN CREDIT

Yes

AUDIT REQUIRED

Yes

SUNSET DATE

None

ENACTED BILL NUMBER

Section 45
Reg. 31/23