Fighting For You in Labrador West
Authorized by the Chief Financial Officer for the NLNDP Labrador West Jordan Brown Campaign. Any inquiries can be emailed to: [email protected]
The Provincial Income Tax Act allows for a credit against NL personal and corporate income taxes payable for a portion of political contributions.
The tax credit available is calculated as follows:
- 75% of the first $100 of total contributions, and
- 50% of the next $450 of total contributions, and
- 33 1/3 % of the next $600 of total contributions for a maximum available credit of $500.