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Newfoundland and Labrador green technology tax credit
Last Update: March 4, 2026
Newfoundland and Labrador, Canada
Tax credit for corporations investing in green technology equipment
Tax Credits
Overview
The Newfoundland and Labrador Green Technology Tax Credit offers Canadian-controlled private corporations a 20% credit on eligible green technology equipment investments, up to a maximum of $1 million annually. This program supports renewable energy generation, energy conservation, use of fuels from waste, and efficient fossil fuel use within the province.
At a glance
Funding available
Financing goals
- Reduce the ecological 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
Activities funded
- Investing in equipment that generates renewable-source energy.
- Implementing systems that conserve energy derived from renewable sources.
- Adopting technologies that use fuels produced from waste.
- Enhancing processes for more efficient use of fossil fuels.
Examples of admissible projects:
$ 26,000
Launching a composting educational program in underserved schools
$ 42,000
Launching an online reservation system for a community co-op
$ 48,500
Expanding literacy services by acquiring adaptive technology and software
$ 60,000
Creating an outdoor seating area with accessible garden infrastructure
$ 75,000
Upgrading bakery equipment for higher energy efficiency and output
$ 37,000
Implementing automated point-of-sale and inventory systems for pharmacy
Eligibility
- The applicant must be a Canadian-controlled private corporation (CCPC).
- The corporation must have a permanent establishment in Newfoundland and Labrador.
- The project must involve the acquisition of eligible equipment that generates or conserves renewable energy, uses fuels from waste, or improves fossil fuel efficiency.
- The eligible equipment must be located in Newfoundland and Labrador and used in the course of business in the province.
- The equipment must qualify as capital property under Class 43.1 or 43.2 of the federal Income Tax Act.
Who is eligible?
- Canadian-controlled private corporations (CCPCs) with a permanent establishment in Newfoundland and Labrador
Eligible expenses
- Capital cost of equipment that generates or conserves renewable-source energy.
- Capital cost of equipment that uses fuels from waste.
- Capital cost of equipment that makes efficient use of fossil fuels.
Eligible geographic areas
- Newfoundland and Labrador
How to apply
- Step 1: Acquire Eligible EquipmentInvest in equipment that qualifies under Class 43.1 or 43.2 of the federal income tax act and ensure it is located and used in Newfoundland and Labrador.
- Step 2: Prepare Tax DocumentationCalculate the capital cost of the eligible property to determine the credit amount (20% of capital cost, up to a maximum annual credit of $1 million).
- Gather all purchase documentation and asset classification supporting documents.
- Step 3: Complete Corporate Income Tax ReturnReport the Green Technology Tax Credit on the corporation’s Newfoundland and Labrador income tax return.
- Apply the credit to reduce provincial tax otherwise payable.
- If applicable, claim a refund for up to 40% of the total credit amount not used to reduce taxes payable.
- Step 4: Submit Application with Tax ReturnSubmit your completed corporate income tax return including all relevant schedules and supporting documentation to the provincial tax authorities.
- Step 5: Track Unused CreditsIf there are unused credits, keep records for possible application to prior three or next twenty tax years (cannot apply to years before April 7, 2022).
Additional information
- The maximum annual credit per corporation is $1 million, with up to 40% of that amount eligible for refund.
- The credit can be carried back three years or forward up to twenty years, but not to a tax year ending before April 7, 2022.
- Questions regarding Class 43.1 or 43.2 property should be directed to the Canada Revenue Agency or referenced in the Natural Resources Canada technical guide.
Contacts
1-800-959-5525
