Political Contributions Tax Credit

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, as defined under the Elections Act, 1991, of Newfoundland and Labrador.

Grant Deadline

Deadline not available

Funding Amount

Deadline not available

Type of Grant

Tax Credit

Sectors

Community

Demographics

Incorporation

For Profit

Perks

Region Restriction

This grant is restricted to whole of Canada

Keywords

Age Restriction

This grant is age restricted from 18 to 100

Eligibility and Requirements

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

Official receipts for political contributions must accompany the corporation’s T2 Corporation Income Tax Return.

Grant Application website

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

Contact

Department of Finance

P.O. Box 8700

Main Floor, East Block Confederation Building

St. John’s, NL A1B 4J6

Tel: (709) 729-3166

Email: finance@gov.nl.ca