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Source verified July 23, 2026
Newfoundland and Labrador Venture Capital Tax Credit
Non-refundable tax credit for venture capital investments
Funding available
$ 75,000
Deadline
Open continuously
Location
Newfoundland and Labrador, Canada
Overview
Le crédit d’impôt pour capital de risque de Terre-Neuve-et-Labrador est un crédit non remboursable de 30 % pour les sociétés qui investissent dans des fonds de capital de risque admissibles. Il réduit l’impôt à payer et vise les montants investis dans ces fonds.
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Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Ensure financial sustainability
Eligible Funding
- Maximum amount : 75,000 $
- Up to 30% of project cost
Funds Providers
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
- Startups
Next Steps
1
Determine your project
2
Validate your eligibility
Documents Needed
- Schedule 308, Newfoundland and Labrador Venture Capital Tax Credit
- Certificate
Official resources
Eligibility
Who is eligible?
- Corporations
How to apply
- Complete Schedule 308, Newfoundland and Labrador Venture Capital Tax Credit, and file it with the return.
- Enter the amount of the credit being claimed on line 504 of Schedule 5, Tax Calculation Supplementary – Corporations.
Processing and Agreement
- If the T2 return is filed electronically, keep the certificate in case the CRA asks for it later.
- If filing a paper T2 return, file the certificate with the return.
Availability timeline
2026
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Frequently Asked Questions about the Newfoundland and Labrador Venture Capital Tax Credit Program
What is the Newfoundland and Labrador Venture Capital Tax Credit?
Le crédit d’impôt pour capital de risque de Terre-Neuve-et-Labrador est un crédit non remboursable de 30 % pour les sociétés qui investissent dans des fonds de capital de risque admissibles. Il réduit l’impôt à payer et vise les montants investis dans ces fonds.
How much funding can be received?
Newfoundland and Labrador Venture Capital Tax Credit Funds up to 30% of admissible expenses, capped at $75,000 per project.
What is the deadline to apply?
The program is accepting continuous intake
Who is eligible for the Newfoundland and Labrador Venture Capital Tax Credit program?
To be eligible for the Newfoundland and Labrador Venture Capital Tax Credit program, you must:
The applicant must be a corporation investing in qualifying venture capital funds.
Who can I contact for more information about the Newfoundland and Labrador Venture Capital Tax Credit?
You can contact Government of Newfoundland and Labrador (CBDC).
Where is the Newfoundland and Labrador Venture Capital Tax Credit available?
The Newfoundland and Labrador Venture Capital Tax Credit program is available the province of Newfoundland and Labrador.
Is the Newfoundland and Labrador Venture Capital Tax Credit a grant, loan, or tax credit?
Newfoundland and Labrador Venture Capital Tax Credit is a Tax Credits