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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T1297
for the current year.
Form T1297 Newfoundland and Labrador Resort Property Investment Tax Credit (Individuals) - Canada
Form T1297 is for claiming the Newfoundland and Labrador Resort PropertyInvestment Tax Credit for individuals in Canada. This tax credit is specifically for investments made in qualified resort properties in Newfoundland and Labrador.
Individuals who are eligible for the Newfoundland and Labrador Resort Property Investment Tax Credit in Canada are responsible for filing the Form T1297.
FAQ
Q: What is Form T1297?
A: Form T1297 is a tax form in Canada specifically for claiming the Newfoundland and Labrador Resort Property Investment Tax Credit for individuals.
Q: What is the Newfoundland and Labrador Resort Property Investment Tax Credit?
A: The Newfoundland and Labrador Resort Property Investment Tax Credit is a tax credit available to individuals who invest in designated resort properties in Newfoundland and Labrador.
Q: Who is eligible to claim this tax credit?
A: Individuals who have invested in designated resort properties in Newfoundland and Labrador are eligible to claim this tax credit.
Q: What is the purpose of this tax credit?
A: The purpose of this tax credit is to incentivize individuals to invest in designated resort properties in Newfoundland and Labrador, thus promoting tourism and economic development in the province.
Q: How can I claim the Newfoundland and Labrador Resort Property Investment Tax Credit?
A: To claim this tax credit, you need to complete and file Form T1297 along with your tax return. Make sure to provide all required information and supporting documents.
