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Source verified May 28, 2026
Newfoundland and Labrador green technology tax credit
20% tax credit for green equipment investments
Latest source updateLast Update: May 20, 2026Latest change: The page now adds clearer claiming instructions and a stated annual maximum credit amount for the Newfoundland and Labrador Green Technology Tax Credit.View change
Latest source update
Last Update: May 20, 2026
Latest change: The page now adds clearer claiming instructions and a stated annual maximum credit amount for the Newfoundland and Labrador Green Technology Tax Credit.
Green Technology Tax Credit details updated
The Green Technology Tax Credit page now includes a clearer summary of eligible activities, the current claiming steps, and the forms used to file the credit with the return. It also adds a stated annual maximum credit amount of up to $1 million and confirms that 40% remains refundable, with carryback and carryforward rules unchanged.
Funding available
$ 1,000,000
Deadline
Open continuously
Location
Newfoundland and Labrador, Canada
Overview
This program provides a 20% green technology tax credit for eligible equipment investments in Newfoundland and Labrador. It supports energy conservation, clean energy generation, and efficient fossil fuel use through a provincial corporate tax credit.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Implement environmental initiatives
- Optimize production processes
- Reduce environmental footprint
Eligible Funding
- Maximum amount : 1,000,000 $
- Up to 20% of project cost
Eligible candidates
Eligible Industries
- All industries
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Canadians
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Investing in equipment that generates renewable-source energy.
- Investing in equipment that conserves energy.
- Investing in equipment that uses fuels from waste.
- Investing in equipment that improves fossil fuel efficiency.
Documents Needed
- Schedule 311, Newfoundland and Labrador Green Technology Tax Credit.
- Schedule 5, Tax Calculation Supplementary – Corporations.
Official resources
Eligibility
Who is eligible?
- Canadian-controlled private corporations.
Eligible expenses
- Capital cost of eligible green technology equipment.
- Equipment for renewable-source energy generation or conservation.
- Equipment that uses fuels from waste or improves fossil fuel efficiency.
Eligible geographic areas
- Newfoundland and Labrador
How to apply
- Step 1: Complete Schedule 311
- Fill out Schedule 311, Newfoundland and Labrador Green Technology Tax Credit.
- Attach it to the corporation's return.
- Step 2: Report the credit on Schedule 5
- Enter the non-refundable credit on line 506 of Schedule 5.
- Enter the refundable credit on line 526 of Schedule 5.
Processing and Agreement
- The credit is claimed on the corporation’s income tax return.
- It reduces provincial tax otherwise payable.
- Any unused amount may be refunded or carried to other tax years if allowed.
Additional information
- The credit applies from April 7, 2022.
- Unused amounts may be carried back 3 years or forward 20 years.
- The Canada Revenue Agency can provide guidance on Class 43.1 and 43.2 property.
Frequently Asked Questions about the Newfoundland and Labrador green technology tax credit Program
What is the Newfoundland and Labrador green technology tax credit?
This program provides a 20% green technology tax credit for eligible equipment investments in Newfoundland and Labrador. It supports energy conservation, clean energy generation, and efficient fossil fuel use through a provincial corporate tax credit.
How much funding can be received?
Newfoundland and Labrador green technology tax credit Funds up to 20% of admissible expenses, capped at $1,000,000 per project.
Who is eligible for the Newfoundland and Labrador green technology tax credit program?
To be eligible for the Newfoundland and Labrador green technology tax credit program, you must:
Canadian-controlled private corporations only.
Permanent establishment in Newfoundland and Labrador.
Eligible green equipment in the province.
What expenses are eligible under Newfoundland and Labrador green technology tax credit?
Investing in equipment that generates renewable-source energy.
Investing in equipment that conserves energy.
Investing in equipment that uses fuels from waste.
Investing in equipment that improves fossil fuel efficiency.
Who can I contact for more information about the Newfoundland and Labrador green technology tax credit?
You can contact Government of Newfoundland and Labrador (CBDC).
Where is the Newfoundland and Labrador green technology tax credit available?
The Newfoundland and Labrador green technology tax credit program is available the province of Newfoundland and Labrador.
Is the Newfoundland and Labrador green technology tax credit a grant, loan, or tax credit?
Newfoundland and Labrador green technology tax credit is a Tax Credits