Last verified: June 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.
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 CREDIT20% of capital cost (up to 40% refundable), max $1M per year