Newfoundland and Labrador green technology tax credit
Since April 7, 2022, a 20% green technology tax credit is available to Canadian-controlled private corporations with a permanent establishment in the province that invest in equipment for green activities such as:
- energy conservation
- clean energy generation
- efficient use of fossil fuels
The equipment has to be located in, and for use in a business operated in, the province. The credit is calculated based on the corporation's capital cost of eligible property.
The maximum credit is $1 million annually, of which 40% is refundable. You can carry unused credits back to the 3 previous tax years or forward to the 20 following tax years. The unused credits cannot be applied to a tax year that ends before April 7, 2022.
Claiming the credit
File a completed Schedule 311, Newfoundland and Labrador Green Technology Tax Credit, with your return. See the schedule for more details.
On line 506 of Schedule 5, Tax Calculation Supplementary – Corporations, enter the amount of the non‑refundable credit you are claiming.
On line 526 of Schedule 5, enter the amount of the refundable credit.
Forms and publications
Government partners
- Newfoundland and Labrador (provincial site)