Worth itTax creditOpen
NL Research & Development Tax Credit
NL Department of Finance · Provincial
In plain language
15% refundable tax credit on eligible NL R&D expenditures. Harmonized with federal SR&ED — if you file SR&ED, you get this too with modest incremental work. Refundable means you get cash even if you owe no tax. No-brainer if you do any R&D.
Realistic range
$5,000 – $150,000
Avg award
$30,000
Max advertised
—
Cost share
15%
Accessibility
4 / 5
Effort
2 / 5
Deadline
Continuous intake
Repayable?
No
Who qualifies
Entity types
Incorporated
Sectors
Technology, Manufacturing, Fisheries, Agriculture, Energy, Professional Services
Regions
NL Wide
Demographics prioritized
None specifically
What you'll have to report
Filed with annual corporate tax return; documentation for 6 years.
Stacks well with
Stacks with federal SR&ED — in fact harmonized with it. File SR&ED claim and NL credit flows automatically.