🏠 | Newfoundland and Labrador | Political Contributions Tax Credit

Political Contributions Tax Credit

Maurice
By Maurice | May 1, 2025

Amount:

$500.00

Type:

Tax credit

Description:

The Political Contributions Tax Credit is a non-refundable tax credit on contributions made to registered political parties, registered district associations or registered non-affiliated candidates.

Comments on Funding:

The Political Contribution Tax Credit is equal to the lesser of $500 or the sum of:
– 75% of the total contribution amount if the total amount does not exceed $100,
– $75 plus 50% of the contribution amount by which the total amount exceeds $100 if the total amount exceeds $100 and does not exceed $550, or
– $300 plus 33 1/3% of the contribution amount by which the total amount exceeds $550 if the total amount exceeds $550.

Deadline:

Rolling deadline

Eligibility:

Applicants must:
1. be Newfoundland and Labrador corporations,
2. have made contributions to registered political parties, registered district associations or registered non-affiliated candidates.

Application Steps:

Applicants must file the corporation’s T2 Corporation Income Tax Return together with the official receipts for political contributions.

Documentation Needed:

No specific documentation has been identified.

Web Page:

https://www.gov.nl.ca/fin/tax-programs-incentives/business/politicalcontributiions/
Maurice

About the author

Maurice
Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.