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Newfoundland and Labrador green technology tax credit
20% tax credit for green equipment investments
Last Update: April 9, 2026
Funding available
$ 1,000,000
Timeline
- 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
- Reduce environmental footprint
Eligible Funding
- Maximum amount : 1,000,000 $
- Up to 20% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Mining, quarrying, and oil and gas extraction
- Utilities
- Construction
- Manufacturing
- Administrative and support, waste management and remediation services
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.
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
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.
Contacts
Frequently Asked Questions about the Newfoundland and Labrador green technology tax credit Program
Here are answers to the most common questions about the Newfoundland and Labrador green technology tax credit. This section explains what the program is, how much funding is available, eligibility requirements, application deadlines, and other important details to help you determine if this grant is right for your business.
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 by email at none or by phone at none.
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