Last verified: June 2026
A program that helps eligible Newfoundland and Labrador businesses raise capital by giving their investors a tax credit for buying newly issued common shares. Investors get 35% on activities outside the North East Avalon region or 20% within it. A single company can raise up to $3 million per offering, and shares must be held for at least five years.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityLesser of 40% of eligible NL labour or 25% of production costs, up to $5M
TAX CREDIT40% of eligible production costs, up to $20M per project annually
TAX CREDIT10% of capital cost of eligible property (up to 40% refundable for CCPCs)