Filing your Newfoundland and Labrador provincial income tax return? Here’s a breakdown of some key non-refundable tax credits that can help reduce your provincial tax bill. These credits apply specifically to your provincial income and are not refundable, meaning they can only offset the amount of provincial tax you owe. Let’s dive into each credit to see who qualifies, how to claim it, and any additional forms you might need.
olunteer Firefighters’ Amount or Search and Rescue Amount
This credit reduces your provincial income tax if you volunteer your time with a fire department or search and rescue organization.
Who qualifies:
- You must claim the federal volunteer firefighter amount on your return.
- You must be a resident of Newfoundland and Labrador.
How to claim:
No separate provincial form is required. The credit is automatically calculated when you file your return.
Child Care Amount
This credit helps offset child care expenses by reducing your provincial income tax.
Who qualifies:
Anyone who pays for child care expenses can claim this credit, regardless of income level.
How to claim:
You claim the Child Care Amount on your income tax return. The exact amount you receive depends on your income and the amount you spent on child care.
Adoption Expenses
This credit helps adoptive parents with the financial burden of adoption by reducing provincial taxes on adoption-related costs.
Who qualifies:
- You must have adopted a child in the year.
- You must be a resident of Newfoundland and Labrador.
How to claim:
Attach the completed Form NL428, Adoption Expenses, to your income tax return when filing.
Pension Income Amount
This credit reduces your provincial income tax on your pension income.
Who qualifies:
Anyone receiving pension income can claim this credit.
How to claim:
No separate provincial form is required. The credit is automatically calculated when you file your return.
