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Direct Equity Tax Credit Program

Department of Finance, Government of Newfoundland and Labrador • Applies only to: Newfoundland and Labrador

If you or your arm's length corporation invests, as a shareholder, in an eligible small business, you can receive a provincial income tax credit of 35% (outside the North East Avalon) or 20% (within the North East Avalon).

The invested funds can be used to finance the start-up, modernization, expansion or growth of an eligible small business, but cannot be used to pay off existing debts in a company, nor for the purchase or refinancing of an existing business operation.



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