Atlantic Investment Tax Credit
grant_single|update April 5, 2025
Canada
Supports investments in Atlantic Canada's new buildings and equipment
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|projectCostPercent
grant_single|deadlines
- grant_single|timelineUnspecified
grant_single|financingType
Tax Credits
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
- Mining, quarrying, and oil and gas extraction
- Utilities
- Manufacturing
grant_single|grantors
- Canada Revenue Agency (CRA)
- Government of Canada
grant_single|status
grant_card_status|open
grant_single_labels|preview
The Atlantic Investment Tax Credit offers a specified percentage, up to 10%, for investments in new buildings and equipment used primarily in sectors such as farming, fishing, and manufacturing in the Atlantic Region. This program supports economic growth by providing financial aid for eligible activities including storing grain, harvesting peat, and new energy generation.
grant_single_labels|terms_and_conditions
- Refundable credits are calculated for eligible investments by multiplying the total investments and expenditures in newly acquired assets by a specified percentage.
- Investments in newly acquired qualified property used mainly in Atlantic Canada and the Atlantic Region are calculated using a specified percentage of 10%.
- For qualified resource property acquired after March 28, 2012, and before 2014, a specified percentage of 10% applies.
- For acquisitions between 2014 and 2015, the specified percentage decreases to 5% if certain conditions are not met.
- For subsequent years post-2015, the specified percentage is 0% except where transitional relief applies.
- A transitional relief rate of 10% is provided for certain projects meeting specific criteria, acquired after 2013 and before 2017.
grant_single_labels|projects
- Construction of new buildings for farming, fishing, logging, manufacturing, and processing.
- Investment in new machinery and equipment used in the Atlantic Canada region.
- Projects focused on storing grain.
- Peat harvesting operations.
- Development of prescribed new energy generation and conservation property.
- Production or processing of electrical energy or steam in designated areas.
- Investments in the oil and gas sector qualifying under specific conditions by certain dates.
- Mining activities qualifying under the transitional rules.
grant_single|admissibleProjectsExample
$ 120,000
Construction of a new wind energy generation facility
$ 95,000
Optimization of a lobster processing plant
$ 70,000
Development of a modern grain storage facility
$ 85,000
Upgrade to automated fish processing equipment
$ 50,000
Installation of peat harvesting technology
grant_single_labels|admissibility
- Investments must be made in new buildings, new machinery, and equipment that is used primarily within the Atlantic Canada and Atlantic Region.
- Eligible sectors include farming, fishing, logging, manufacturing and processing, storing grain, harvesting peat, and prescribed new energy generation and conservation property.
- Eligible activities include producing or processing electrical energy or steam in certain areas.
- Investments must meet specified percentages to calculate refundable credits, based on the acquisition date and usage mainly in the Atlantic region.
- Qualified property must be acquired by the taxpayer before March 29, 2012, for oil and gas, and mining activities to be eligible.
- A transitional relief rate may apply to qualified resource property acquired under certain conditions after 2013 and before 2017.
grant_eligibility_criteria|who_can_apply
- Farming companies
- Fishing companies
- Logging companies
- Manufacturing and processing companies
- Companies involved in storing grain
- Companies harvesting peat
- Companies operating prescribed new energy generation and conservation property
- Companies producing or processing electrical energy or steam in certain areas
- Oil and gas sector companies (subject to phase-out conditions)
- Mining sector companies (subject to phase-out conditions)
grant_eligibility_criteria|eligible_expenses
- New buildings acquired primarily for use in the Atlantic Canada and Atlantic Region.
- New machinery and equipment acquired primarily for use in sectors such as farming, fishing, logging, manufacturing and processing, storing grain, or harvesting peat.
- Prescribed new energy generation and conservation property acquired after March 28, 2012, for producing or processing electrical energy or steam in prescribed areas.
- Newly acquired qualified resource property used mainly in Atlantic Canada for oil and gas, and mining activities, if acquired between March 28, 2012, and January 1, 2016.
grant_eligibility_criteria|zone
- The Gaspé Peninsula, Quebec
- Newfoundland and Labrador
- Prince Edward Island
- Nova Scotia
- New Brunswick
- Respective offshore regions of these provinces
grant_single_labels|apply
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grant_single_labels|otherInfo
- The Atlantic investment tax credit uses specified percentages to calculate credit based on total investments in newly acquired assets.
- Investments in qualified property for general activities in Atlantic Canada are calculated using a 10% specified percentage.
- A transitional relief rate is available for resource property acquired under certain conditions between 2013 and 2017.
- Qualified resource property acquired for use in oil and gas, and mining will be phased out, with percentages decreasing to 0% after 2015.
- The terms of the Atlantic investment tax credit are influenced by the Income Tax Act and associated regulations.
Apply to this program
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