Administered by Government of Newfoundland & Labrador · Last verified: July 2026
A provincial credit worth 10% of the capital cost of eligible equipment used in manufacturing, processing, fishery, farming, or forestry in Newfoundland and Labrador. For Canadian-controlled private corporations, up to 40% of the credit is refundable. Unused amounts can be carried back three years or forward twenty years.
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 Manufacturing and Processing Investment Tax Credit is generally open to incorporated businesses, in Newfoundland & Labrador, in Manufacturing, Agriculture, Food & Beverage. Confirm the full criteria on the official program page before applying.
The estimated value is 10% of capital cost of eligible property (up to 40% refundable for CCPCs). 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 qualifies for the Atlantic Investment Tax Credit and is located in NL 2. Track the capital cost of eligible property 3. File Schedule 310 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 CREDIT20% of capital cost (up to 40% refundable), max $1M per year