University of Waterloo

Tax credits and incentives: Atlantic Canada

Funding for small businesses

Check out all the tax credits and incentives available in Newfoundland and Labrador, Prince Edward Island, Nova Scotia and New Brunswick.

Information last updated: June 1, 2020

New Brunswick Research and Development Tax Credit
15% tax credit

Amount:	15% of qualifying expenditures
Who can apply (eligibility):	Qualifying R&D expenditures incurred by corporations in New Brunswick including: work done to achieve technological advancement to create or improve, new materials, devices, products or processes to advance scientific knowledge with or without a specific practical application in view and work that directly supports and is commensurate the above (i.e. engineering, design, operations research, mathematical analysis, computer programming, data collection, testing or psychological research)
How to apply:	Learn more about the forms you need to submit on the government website.
Application deadline:	Tax season each year

Newfoundland and Labrador Interactive Digital Media Tax Credit
40% tax credit

Amount:	40% of qualifying expenditures, including eligible salaries and 65% of eligible remuneration, limited to $40,000 per employee per year and $2 million per company
Who can apply (eligibility):	Be primarily carrying on the business of interactive digital media development Have a permanent establishment in the province of NL Be a taxable Canadian corporation Hold a valid registration certificate under the IDM program
How to apply:	Learn more about the forms you need to submit on the government website.
Application deadline:	Tax season each year

Newfoundland and Labrador Film Tax Credit
25 - 40% tax credit

Amount:	Lesser of 40% of eligible Newfoundland and Labrador labour expenditures or 25% of total production costs of an eligible project up to $4 million a year
Who can apply (eligibility):	The company must: Be incorporated under the Corporations Act or an Act of the Parliament of Canada or of the legislature of a province Have permanent establishment in the Province Primarily carry on the business of film, television or video production
How to apply:	Learn more about the forms you need to submit on the government website.
Application deadline:	Tax season each year

Nova Scotia Research and Development Tax Credit
15% tax credit

Amount:	15% of eligible research and development expenditures
Who can apply (eligibility):	Corporations in Nova Scotia that incur qualified scientific research and development expenditures made in Nova Scotia.
How to apply:	Federal tax credit is claimed on form T661, Nova Scotia tax credit is claimed on schedule 340 of your Nova Scotia T2 form. Learn more about the forms you need to submit on the govenment website.
Application deadline:	Tax season each year