Newfoundland and Labrador green technology tax credit

Effective April 7, 2022, a new 20% green technology tax credit is introduced for Canadian‑controlled private corporations that invest in equipment for green activities such as energy conservation, clean energy generation, and 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

Page details

Date modified: