NEWFOUNDLAND AND LABRADOR - Canadian Content

25% Stackable Federal Tax Credit - on Qualifying Canadian Labour Expenditure

The credit is based on a calculation of eligible labour limited to the lesser of 25% of the total eligible budget or 40% of the total eligible labour expenditures.

To access the tax credit there is a two part application process. The Part I application form and all related documentation must be received by the Newfoundland and Labrador Film Development Corporation on or before the principal day of photography. The Department of Finance then confirms eligibility in writing. The Part II application form and all related documentation must be received after post-production has been completed.

• The above noted provincial incentive is stackable with Canada's Federal Tax Incentive which is 25% of 'qualifying Canadian labour expenditures', defined as the lesser of (i) actual labour expenditures, and (ii) 60 % of 'Production Costs less Assistance' ('Assistance' includes any provincial incentives that are directly attributable to the Production).
• The NLFDC offers a Deeming Provision which allows the residency
  requirement to be waived when a qualified resident person is not
  available; and the non-resident person serves as a mentor of a resident
  of the province. 75% of the mentor’s salary and 100% of the
  resident mentored person’s salary is eligible for the tax credit.