ST. JOHN’S, WEDNESDAY, MARCH 31, 2021 THE NEWFOUNDLAND AND LABRADOR GAZETTE EXTRAORDINARY

PART II PUBLISHED BY AUTHORITY NEWFOUNDLAND AND LABRADOR REGULATION NLR 15/21

NEWFOUNDLAND AND LABRADOR REGULATION 15/21 Interactive Digital Media Tax Credit Regulations (Amendment) under the Income Tax Act, 2000 (O.C. 2021-017) (Filed March 31, 2021) Under the authority of

section 46.3 of the Income Tax Act, 2000, the Lieutenant-Governor in Council makes the following regulations. Dated at St. John’s, March 30, 2021. Gary Norris Clerk of the Executive Council REGULATIONS Analysis 1. S.9 Amdt. Tax credit certificate 2. Commencement 1. (1) Paragraph 9(2) (

b) of the Interactive Digital Media Tax Credit Regulations is repealed and the following substituted: (

b) before January 1, 2025. (2) Subsection 9(3) of the regulations is repealed and the following substituted: NLR 84/15 as amended 3 Extraordinary Gazette March 31, 2021

Interactive Digital Media Tax Credit Regulations (Amendment) 15/21

(3) Notwithstanding paragraph (1)(a), w here an eligible corporation is applying for a tax credit certificate with respect to qualifying expenditures referred to in subsection 10(2) the eligible corporation shall apply for a tax credit certificate in respect of those qualifying expenditures within 18 months of the end of the taxation year during which the eligible product is completed. 2. These regulations are considered to have come into force on January 1, 2020. ©Queen's Printer Commencement 4 Extraordinary Gazette March 31, 2021

Extraordinary Gazette Index Title of Act and Subordinate Legislation made thereunder CNLR or NL Reg. Amendment NL Gazette Date & Page No. Income Tax Act, 2000 Interactive Digital Media Tax Credit Regulations (Amendment) NLR 15/21 Amends NLR 84/15 S.9 Amdt. Mar. 31/21 p. 3 ST. JOHN’S, WEDNESDAY, MARCH 31, 2021 5