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Programs available in Newfoundland & Labrador

95 programs
for Newfoundland & Labrador businesses.

Federal programs available across Canada, plus 13 Newfoundland & Labrador-specific grants and tax credits. Updated regularly.

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Newfoundland & Labrador grant landscape

What makes Newfoundland & Labrador different.

Newfoundland and Labrador's standout program is the Business Innovation Voucher for collaborating with post-secondary institutions, plus the Atlantic Investment Tax Credit for manufacturers. ACOA continues to be the regional federal funder.

The standout programs.

The NL Business Innovation Voucher is easier to access than full federal R&D credits and works well for businesses doing applied research with a Canadian university or college.

The administering ecosystem.

Innovation, Trade and Rural Development NL administers most provincial programs. ACOA NL handles federal contributions.

What founders should do first.

  • 01Identify your academic partner before drafting an Innovation Voucher application - the partnership letter is the most important supporting document.
  • 02ACOA NL prioritizes rural economic development - emphasize community impact in applications.

Top programs to look at first.

GRANT

Newfoundland and Labrador Business Innovation Voucher

Up to $15,000

GRANT

ACOA Business Development Program

Up to $50,000

TAX CREDIT

Atlantic Investment Tax Credit

10% of qualifying property

Newfoundland & Labrador-specific programs

Only available to businesses in Newfoundland & Labrador.

ACOA Business Development Program

GRANT
Up to $50,000

Newfoundland and Labrador Business Innovation Voucher

GRANT
Up to $15,000

Newfoundland and Labrador Business Investment Program

INCENTIVE
Repayable term loans at Bank of Canada rate + 0.5%; equity available in some cases

Newfoundland and Labrador Investment Attraction Fund

INCENTIVE
Customized loans and advances toward strategic investment costs (case by case)

Newfoundland and Labrador Film and Video Industry Tax Credit

TAX CREDIT
Lesser of 40% of eligible NL labour or 25% of production costs, up to $5M

Newfoundland and Labrador All-Spend Film and Video Production Tax Credit

TAX CREDIT
40% of eligible production costs, up to $20M per project annually

Newfoundland and Labrador Manufacturing and Processing Investment Tax Credit

TAX CREDIT
10% of capital cost of eligible property (up to 40% refundable for CCPCs)

Newfoundland and Labrador Green Technology Tax Credit

TAX CREDIT
20% of capital cost (up to 40% refundable), max $1M per year

Newfoundland and Labrador Direct Equity Tax Credit

TAX CREDIT
35% (outside North East Avalon) or 20% (within) credit to investors; up to $3M raised per company

Ulnooweg Indigenous Business Financing

INCENTIVE
Loans up to $750,000; non-repayable ABFP contributions up to 40% of expansion costs

WEOC National Loan Program

INCENTIVE
Up to $50,000

Ulnooweg Indigenous Business Loans (Atlantic Canada)

INCENTIVE
Micro loans up to $5,000; women and youth up to $25,000; general loans up to $750,000

takeCHARGE Business Efficiency Program (Newfoundland and Labrador)

INCENTIVE
Up to $50,000 in rebates; 50% of audit cost to $3,000

Grants available in Newfoundland & Labrador

28

Canada Job Grant

Up to $10,000 per employeeGrant

Futurpreneur Canada Startup Loan

Up to $25,000Grant

CanExport SMEs

Up to $50,000 (50% of eligible costs)Grant

NRC Industrial Research Assistance Program (IRAP)

Up to $50,000 (SME stream)Grant

ACOA Business Development Program

NEWFOUNDLAND & LABRADOR
Up to $50,000Grant

Women Entrepreneurship Strategy (WES) Ecosystem Fund

Up to $100,000Grant

AgriInvest

Up to $10,000 per year matchedGrant

Youth Employment and Skills Strategy

Up to $30,000 per youth hiredGrant

Student Work Placement Program (SWPP)

Up to $7,000 per studentGrant

Mitacs Accelerate

$10,000 per 4-month internshipGrant

Clean Growth Hub Programs

Varies by underlying programGrant

Newfoundland and Labrador Business Innovation Voucher

NEWFOUNDLAND & LABRADOR
Up to $15,000Grant

Strategic Innovation Fund (SIF)

Project-by-project, typically $10M to $100M+Grant

Mitacs Business Strategy Internship

50% of intern stipend, up to $7,500 per internshipGrant

NACCA Aboriginal Business Financing Program (ABFP)

Up to $99,999 (sole proprietor) or $250,000 (corporation)Grant

Indigenous Tourism Association of Canada Grants

Up to $25,000 per streamGrant

Sustainable Canadian Agricultural Partnership (Sustainable CAP)

Varies by stream, typically $10,000 to $200,000Grant

Clean Fuels Fund

Up to 30% of eligible capital costs, ceilings varyGrant

Mitacs Globalink Research Internship

Mitacs covers $6,000 of internship stipendGrant

Mitacs Accelerate Entrepreneur

Up to $15,000 per 4-month internshipGrant

SSHRC Partnership Grants

Up to $2.5M per partnership over 7 yearsGrant

VAC Education and Training Benefit

Up to roughly $99,000 lifetime, with up to about $6,300 reserved for short coursesGrant

VAC Rehabilitation Services and Vocational Assistance Program

Covers approved training and re-establishment costs; can pair with the Income Replacement Benefit at 90% of pre-release salaryGrant

Opportunities Fund for Persons with Disabilities (Employer Wage Subsidy)

Wage subsidy negotiated with the local delivery agent; program guidance averages about $12,000 in supports per participantGrant

Enabling Accessibility Fund: Small Projects Component

Up to $125,000 per project (recent small projects calls); some calls have set higher per-project ceilingsGrant

Aboriginal Entrepreneurship Program: Access to Capital

Up to $99,999 for individuals; up to $250,000 for community businessesGrant

Aboriginal Entrepreneurship Program: Access to Business Opportunities

Up to $500,000 per recipient per year; up to 100% of eligible costsGrant

CWCF Technical Assistance Grants

Up to $4,000 per grantGrant

Tax Credits available in Newfoundland & Labrador

14

GST/HST Input Tax Credits (ITCs)

5–15% back on all business expensesTax Credit

Apprenticeship Job Creation Tax Credit

Up to $2,000 per apprentice per yearTax Credit

Mineral Exploration Tax Credit (METC)

15% of qualifying exploration expenses (to investor)Tax Credit

Canadian Film or Video Production Tax Credit (CPTC)

25% of qualifying labour expendituresTax Credit

Film or Video Production Services Tax Credit (PSTC)

16% of qualifying Canadian labour expendituresTax Credit

Clean Technology Investment Tax Credit

30% of eligible clean technology investmentTax Credit

Carbon Capture, Utilization and Storage Investment Tax Credit

18.75% to 60% of eligible CCUS investmentTax Credit

Clean Hydrogen Investment Tax Credit

15% to 40% of eligible clean hydrogen investmentTax Credit

Medical Expense Tax Credit (Business Owner)

15% federal + provincial portion of eligible medical expensesTax Credit

Newfoundland and Labrador Film and Video Industry Tax Credit

NEWFOUNDLAND & LABRADOR
Lesser of 40% of eligible NL labour or 25% of production costs, up to $5MTax Credit

Newfoundland and Labrador All-Spend Film and Video Production Tax Credit

NEWFOUNDLAND & LABRADOR
40% of eligible production costs, up to $20M per project annuallyTax Credit

Newfoundland and Labrador Manufacturing and Processing Investment Tax Credit

NEWFOUNDLAND & LABRADOR
10% of capital cost of eligible property (up to 40% refundable for CCPCs)Tax Credit

Newfoundland and Labrador Green Technology Tax Credit

NEWFOUNDLAND & LABRADOR
20% of capital cost (up to 40% refundable), max $1M per yearTax Credit

Newfoundland and Labrador Direct Equity Tax Credit

NEWFOUNDLAND & LABRADOR
35% (outside North East Avalon) or 20% (within) credit to investors; up to $3M raised per companyTax Credit

Deductions available in Newfoundland & Labrador

19

Small Business Deduction (SBD)

Up to $30,000 per year in tax savingsDeduction

Home Office Expense Deduction

Typically $3,000–$12,000 per yearDeduction

Motor Vehicle Expense Deduction

Typically $4,000–$15,000 per yearDeduction

Accelerated Investment Incentive (AII)

30–100% of asset cost in year 1Deduction

Business Meals & Entertainment Deduction

50% of all qualifying expensesDeduction

Zero-Emission Vehicle 100% Deduction

Full vehicle cost in year 1 (up to $55,000+)Deduction

Eligible Capital Property Deduction (Class 14.1)

5% of eligible capital costs per yearDeduction

Manufacturing and Processing Profits Deduction

6% federal tax savings on M&P incomeDeduction

Education and Training Expense Deduction

100% of qualifying training costsDeduction

Canadian Advertising Deduction

100% of qualifying ad spendDeduction

Bad Debt Deduction

100% of uncollectible receivablesDeduction

Professional Fees Deduction

100% of qualifying feesDeduction

Trade Show, Conference, and Certification Deduction

100% of event costs (excluding meals)Deduction

Provincial Small Business Tax Rate Reduction

Up to 15% combined effective rate savingsDeduction

Lifetime Capital Gains Exemption (LCGE)

Up to $1.25 million in tax-free gains (2026, indexed to inflation)Deduction

Individual Pension Plan (IPP) for Owner-Managers

$10K to $40K+ extra annual deductions vs RRSPDeduction

Shareholder Loan Interest Deduction

Variable: based on loan amount and rateDeduction

Incorporation and Reorganization Costs

100% of qualifying costsDeduction

Worker Co-operative Capital Gains Exemption

Up to $10,000,000 in capital gains exempted from taxDeduction

Incentives available in Newfoundland & Labrador

34

BDC Growth & Transition Capital

Up to $5,000,000Incentive

Canada Small Business Financing Program (CSBFP)

Up to $1,000,000 in financingIncentive

AgriStability

Up to 70% of margin declineIncentive

Procurement Strategy for Indigenous Business (PSIB)

Access to ~$1.5B annual federal procurement set-asideIncentive

Women Entrepreneurship Loan Fund

Up to $50,000 loanIncentive

Black Entrepreneurship Loan Fund (FACE)

Loans from $10,000 to $250,000Incentive

BDC Equipment Purchase Loan

Up to 125% of equipment cost, terms up to 10 yearsIncentive

BDC Commercial Real Estate Loan

Up to 100% of property value (with partner lender)Incentive

BDC Purchase Order Financing

Up to 100% of fulfillment cost per orderIncentive

BDC Working Capital Loan

Up to $250,000 with no fixed assetIncentive

Newfoundland and Labrador Business Investment Program

NEWFOUNDLAND & LABRADOR
Repayable term loans at Bank of Canada rate + 0.5%; equity available in some casesIncentive

Newfoundland and Labrador Investment Attraction Fund

NEWFOUNDLAND & LABRADOR
Customized loans and advances toward strategic investment costs (case by case)Incentive

Ulnooweg Indigenous Business Financing

NEWFOUNDLAND & LABRADOR
Loans up to $750,000; non-repayable ABFP contributions up to 40% of expansion costsIncentive

IWSCC Veteran-Owned Business Certification

Certification costs $500 per year; opens access to corporate and government supplier diversity procurementIncentive

CFMWS HERCS Entrepreneur Workshop

$0 fee (free workshop); covers small business startup and financing fundamentalsIncentive

IWSCC Disabled-Owned Business Certification

Certification costs $500 per year; opens access to corporate and government supplier diversity procurementIncentive

Futurpreneur Newcomer Startup Program

Up to $25,000 in loans plus two years of mentorshipIncentive

Indigenous Women Entrepreneurship (IWE) Program

Microloans up to $50,000 plus advisory supportIncentive

Indigenous Youth Entrepreneurship (IYE) Program

Up to $75,000 in combined loans and grantsIncentive

Canadian Co-operative Investment Fund (CCIF)

$50,000 to $1,250,000 in loans, quasi-equity, or equityIncentive

CWCF Tenacity Works Fund

$15,000 to $50,000 term loansIncentive

Co-operative Housing Development Program (CHDP)

Forgivable and low-interest loans funding up to 100% of eligible costsIncentive

Social Finance Fund (SFF)

Repayable investment capital (part of $400M+ deployed through intermediaries)Incentive

Social Finance Fund: Boann Social Impact

$154,000,000 deployed nationally through impact funds and intermediariesIncentive

Social Finance Fund: Realize Capital Partners

Part of $400M+ SFF capital deployed through intermediariesIncentive

WEOC National Loan Program

NEWFOUNDLAND & LABRADOR
Up to $50,000Incentive

BDC Thrive Venture Fund for Women

Direct equity from the $500M Thrive platform (seed to Series A/B)Incentive

BDC Women in Technology Venture Fund

Equity investmentIncentive

BDC Inclusive Entrepreneurship Loan

Up to $350,000Incentive

Electric Vehicle Affordability Program (EVAP)

Up to $5,000 per vehicle (up to 10 vehicles for a business)Incentive

Ulnooweg Indigenous Business Loans (Atlantic Canada)

NEWFOUNDLAND & LABRADOR
Micro loans up to $5,000; women and youth up to $25,000; general loans up to $750,000Incentive

Zero Emission Vehicle Infrastructure Program (ZEVIP)

Up to 50% of project costs, max $2,000,000 per project (75% for Indigenous organizations)Incentive

takeCHARGE Business Efficiency Program (Newfoundland and Labrador)

NEWFOUNDLAND & LABRADOR
Up to $50,000 in rebates; 50% of audit cost to $3,000Incentive

Ready, Willing and Able (RWA) Employer Program

$0 cost to employers (federally funded program, roughly $30M to 2027)Incentive

Which of these do you actually qualify for?

Take the 3-minute quiz and we'll filter all 95 programs down to just the ones your Newfoundland & Labrador business is eligible for.

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