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Newfoundland and Labrador research and development tax credit
Provides a refundable tax credit for eligible R&D in Newfoundland and Labrador
Last Update: March 4, 2026
Funding available
Up to 15% of project cost
Timeline
- Open continuously
Location
Newfoundland and Labrador, Canada
Overview
The Newfoundland and Labrador Research and Development Tax Credit offers a fully refundable credit equal to 15% of eligible R&D expenditures incurred within the province. This program supports corporations with a permanent establishment in Newfoundland and Labrador to undertake qualifying research and development activities.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Conduct research and development activities
- Conduct research or evaluation activities
Eligible Funding
- Up to 15% of project cost
Timeline
- Open continuously
Eligible candidates
Eligible Industries
- Manufacturing
- Professional, scientific and technical services
Location
- Newfoundland and Labrador
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Research and development projects conducted within Newfoundland and Labrador.
Eligibility
Who is eligible?
- Corporations with a permanent establishment in Newfoundland and Labrador that incur eligible research and development expenditures in the province
Eligible expenses
- Expenditures for research and development activities carried out in Newfoundland and Labrador.
Eligible geographic areas
- Newfoundland and Labrador
Additional information
- The credit is fully refundable but must first be applied to offset total taxes payable before a refund is issued.
- The claim requires submission of a completed Schedule 301 with your corporate tax return.
- Schedule 301 must be filed no later than 12 months after your corporation's filing due date.
- The amount of credit earned must be reported on line 520 of Schedule 5, Tax Calculation Supplementary – Corporations.
Frequently Asked Questions about the Newfoundland and Labrador research and development tax credit Program
Here are answers to the most common questions about the Newfoundland and Labrador research and development 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 research and development tax credit?
The Newfoundland and Labrador Research and Development Tax Credit offers a fully refundable credit equal to 15% of eligible R&D expenditures incurred within the province. This program supports corporations with a permanent establishment in Newfoundland and Labrador to undertake qualifying research and development activities.
How much funding can be received?
Newfoundland and Labrador research and development tax credit Funds up to 15% of admissible expenses.
Who is eligible for the Newfoundland and Labrador research and development tax credit program?
To be eligible for the Newfoundland and Labrador research and development tax credit program, you must:
Permanent establishment in Newfoundland and Labrador
Made eligible research and development expenditures in Newfoundland and Labrador
What expenses are eligible under Newfoundland and Labrador research and development tax credit?
Research and development projects conducted within Newfoundland and Labrador.
Who can I contact for more information about the Newfoundland and Labrador research and development tax credit?
You can contact Government of Newfoundland and Labrador.
Where is the Newfoundland and Labrador research and development tax credit available?
The Newfoundland and Labrador research and development tax credit program is available the province of Newfoundland and Labrador.
Is the Newfoundland and Labrador research and development tax credit a grant, loan, or tax credit?
Newfoundland and Labrador research and development tax credit is a Tax Credits