Tax credit · not repaid

Small Business Tax Credit (Newfoundland and Labrador small business corporate tax rate)

Government of Newfoundland and Labrador, Department of Finance · Newfoundland and Labrador

OpenGeneral
Funding
See details
Tax credit — rate not published, check the official page
Deadline
Ongoing
Open, accepted on an ongoing basis (no fixed deadline).
Type
Tax credit · not repaid
Company stage
SME, Early Stage / Startup

Overview

Newfoundland and Labrador small businesses pay a reduced corporate income tax rate of 2.5% on the first $500,000 of active business income, instead of the general corporate tax rate of 15%.

Who can apply

  • Small businesses (incorporated) in Newfoundland and Labrador with active business income
  • reduced rate applies to the first $500,000 of active business income.
  • Detailed qualification criteria not specified on listing - verify on program website.
Not sure if you qualify?Book a call with SeedPort to see whether Small Business Tax Credit (Newfoundland and Labrador small business corporate tax rate) fits your company and what you would need to apply.
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What it can pay for

Not specified in the listing.

Past recipients

No public list of past recipients is linked for this program yet.

Official source

Program details change. Always confirm eligibility, amounts and deadlines on the official page before you apply.

Official program page →

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Last checked by SeedPort: Oct 15, 2026. SeedPort is not affiliated with the funder. Information is summarized from public sources and may be out of date.