Newfoundland and Labrador Green Technology Tax Credit

Canadian Controlled Private Corporations (CCPC’s) that invest in equipment that generates or conserves renewable-source energy (including green hydrogen and ammonia), uses fuels from waste, or makes efficient use of fossil fuels may be entitled to a credit equal to 20% of the capital cost of that equipment.

The equipment must 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.

Want to know more about this policy ? Learn more