Last verified: June 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.
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)