Administered by Government of Newfoundland & Labrador · Last verified: July 2026
A credit for Canadian-controlled private corporations worth 20% of the capital cost of equipment that generates or conserves renewable energy, uses fuels from waste, or makes efficient use of fossil fuels in Newfoundland and Labrador. Up to 40% of the credit is refundable, and the maximum is $1 million per year. Equipment must qualify under federal Class 43.1 or 43.2 and be used in the province.
You claim this on your tax return, so the money comes back as a lower tax bill or a refund after you file. If you missed it in a past year, you can often still recover it by adjusting a prior return.
Take the 3-minute quiz to find out, and see every other Canadian program you qualify for at the same time.
Check my eligibilityNewfoundland and Labrador Green Technology Tax Credit is generally open to incorporated businesses, in Newfoundland & Labrador. Confirm the full criteria on the official program page before applying.
The estimated value is 20% of capital cost (up to 40% refundable), max $1M per year. The actual amount depends on your eligible costs, the program's budget, and approval.
Claimed on a return, so a missed year can usually be recovered by amending. How far back depends on whether you file personally or as a corporation; confirm the eligible years with your accountant.
1. Confirm the equipment falls under Class 43.1 or 43.2 and is used in NL 2. Track the capital cost 3. File Schedule 311 with your T2 return
Lesser 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)