Atlantic Canada Business Grants

Newfoundland & Labrador

Wage Subsidies Available to Newfoundland and Labrador Businesses

Employment Enhancement Program

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mmuise

Amount:No Fixed Amount Type of Program:Wage Subsidy Description:The Employment Enhancement program supports employers in the forestry, aquaculture, agriculture, and fishing sectors engaged in value-added secondary processing by providing funding to employers to create sustainable, long-term employment or seasonal employment and a training allowance to support new employees.Comments on Funding:Funding is a wage subsidy of 60%,

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Small Enterprise Co-operative Placement Assistance Program (SECPAP)

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mmuise

Amount:No Fixed Amount Type of Program:Wage Subsidy Description:The Small Enterprise Co-operative Placement Assistance Program (SECPAP) provides wage subsidies to small businesses that provide work experience to post secondary co-operative education students in Newfoundland and Labrador. Comments on Funding:Funding is in the form of a wage subsidy.  When It Ends:Ongoing Deadline:2020 dates to be announcedEligibility:The applicant

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Apprenticeship Wage Subsidy (AWS) Program

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mmuise

Amount:No Fixed Amount Type of Program:Wage Subsdiy Description:The Apprenticeship Wage Subsidy (AWS) program assists apprentices to gain work experience in their skilled trade, and progress to journeyperson certification by providing a wage subsidy to employers who hire apprentices. The program supports apprentices across all levels – First, Second, Third and Fourth year.Comments on Funding:Funding is

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JobsNL Wage Subsidy

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mmuise

Amount:No Fixed Amount Type of Program:Wage Subsidy Description:The JobsNL Wage Subsidy program supports employers to create sustainable long-term employment or seasonal / short term employment. The subsidy is intended to offset salary costs to create new positions.There are two subsidy options:1JobsNL- 42 that provides a wage subsidy for 28 weeks of a minimum 42-week period

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Tax Credits Available to Newfoundland and Labrador Businesses

Direct Equity Tax Credit

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mmuise

Amount:$50,000 Type of Program:Tax Credit Description:The Direct Equity Tax Credit is designed to encourage private investment in new or expanding small businesses as a means of creating new jobs and diversifying the economy. An investment credit, in the form of a provincial income tax credit, is available to individuals and arm’s length corporations who invest

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Film and Video Tax Credit

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mmuise

Amount:No Fixed Amount Type of Program:Tax Credit Description:The Film and Video Tax Credit is a refundable provincial corporate income tax credit and is provided for eligible local film projects at a rate of 40% of eligible local labor costs, but may not exceed 25% of production costs.Comments on Funding:Funding is 40% of eligible local labor

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Venture Capital Tax Credit

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mmuise

Amount:$75,000 Type of Program:Tax Credit Description:The Venture Capital Tax Credit Program (VCTC) is a provincial non-refundable tax credit available for both individual and corporate investors, but not trusts, equal to 30% of the amount invested in the qualifying venture capital fund (QVCF) through the purchase of limited partnership units or newly issued shares.Comments on Funding:Funding

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Political Contributions Tax Credit

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mmuise

Amount:$500 Type of Program:Tax Credit Description:The Political Contributions Tax Credit is a non-refundable tax credit on contributions made to registered political parties, registered district associations or registered non-affiliated candidates.Comments on Funding:The Political Contribution Tax Credit is equal to the lesser of $500 or the sum of:$75% of the total contribution amount if the total amount

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Small Business Tax Rate

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mmuise

Amount:No Fixed Amount Type of Program:Tax Credit Description:The Small Business Tax Rate provides small business owners in Newfoundland and Labrador a reduced rate of 3% to determine the corporate income tax payable.Comments on Funding:The support is a reduced rate of 3% to determine the applicant’s corporate income tax payable instead of the general corporate income

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Newfoundland and Labrador Interactive Digital Media (IDM) Tax Credit

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mmuise

Amount:$2,000,000 Type of Program:Tax Credit Description:The Newfoundland and Labrador Interactive Digital Media (IDM) is a refundable tax credit based on eligible salaries and eligible remuneration incurred by an eligible corporation for the development of interactive digital media products during the period of January 1, 2015 to December 31, 2019 inclusive. Applicants must apply to the

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Research and Development Tax Credit

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mmuise

Amount:No Fixed Amount Type of Program:Tax Credit Description:The Newfoundland and Labrador R&D tax credit is administered by the Canada Revenue Agency and is fully refundable at the rate of 15% of eligible expenditures. It is available to taxpayers, including corporations and individuals, beneficiaries of a trust, and members of a partnership, with a permanent establishment

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Agriculture Business Program

Amount:

$400,000

Type of Program:

Grants

Description:

The Agriculture Business Program provides support to the Newfoundland and Labrador agriculture, agri-foods, and agri-products industry to address various business related challenges to pursue and capitalize on new opportunities and maintain access to existing markets. The Program will enable the sector to develop and assess market opportunities both domestically and internationally; enhance business development practices, and support skills development and knowledge transfer activities.

There is funding for the following components: Market Development (market access/development, and organic certification and market development), Business Development (business planning, succession planning, strategic plans, farm financial assessments), and Knowledge Transfer and Skills Development.

Comments on Funding:

Funding fo for-profit applicants is up to 75% of eligible expenses, to a maximum of $400,000 over the 5 years of the Canadian Agricultural Partnership.
Funding for not-for-profit groups and government is up to 100% of eligible expenses and up to 75% of eligible capital expenditures. They are not restricted to the $400,000 funding limit where the project has industry-wide benefit.

Funding for business planning activities is as follows:

  • up to a maximum of $8,000 for one producer/processor,
  • up to a maximum of $16,000 for two producers/processors,
  • up to a maximum of $25,000 for three producers/processors,
  • up to a maximum of $50,000 for four or more producers/processors.

Land development project reimbursement is based upon acreage payments. 

When It Ends:

Ongoing

Deadline:

March 31, 2023

Eligibility:

The applicant must:

  • primary producers and producer organizations, 
  • processors and processor organizations, 
  • other industry organizations, 
  • research bodies,
  • other development groups,
  • Indigenous government/community/groups,
  • involved in the Newfoundland and Labrador agriculture, agri-foods, and agri-products industry with market development, business development or knowledge transfer and skills development projects.

Application Steps:

1

Applicants must submit the completed application form and supporting documents by email at CAP@gov.nl.ca, fax at 709-637-2589 or in hard copy by regular mail.

Documentation Needed: 

​Applicant must submit:

  • a completed application form,
  • a resume, curriculum vitae, or firm profile of their consultant, if requesting consultant services,
  • a quote, if requesting professional services/contractors or support to obtain Organic Certification, 
  • land title documents, quotes with brochures, floor plans, materials list and map showing facility and/or infrastructure location on site, if applying for physical infrastructure to enhance market competitiveness,
  • quotes and equipment specifications/brochures, if applying for equipment to enhance market competitiveness,
  • the event agenda/information package including speakers/exhibitors and registration fees, if applying to attend human resources events,
  • the name of the human resources event, agenda/information package including speakers/exhibitors and proposed budget, if applying to host human resources events,
  • the most recent financial information as appropriate,
  • a business plan, if a new entrant.

Other Things to Note:

This program is part of the Canadian Agricultural Partnership, a $3 billion, five year, Federal-Provincial-Territorial (FPT) Framework Agreement that will expire on March 31, 2023.

Program Contact:

​Canadian Agricultural Partnership

​CAP_NL_Program_Guide.pdf

​CAP1.1_Agriculture_business_development.pdf​​​

​Application Checklist: Agriculture Business Program​​​

InnovateNL

Amount:

No Fixed Amount

Type of Program:

Grants

Description:

InnovateNL provides R&D grants for Newfoundland and Labrador businesses and academics to support research and development projects.

There are calls for projects targeting specific areas (e.g. GeoExplore, Arctic Tech, Petroleum R&D Accelerator) as well as general calls for projects where projects from any sector can fit (e.g. EmployR&D, R&D Proof of Concept).

Eligible activities include applied R&D, prototyping, performance testing against pre-determined criteria, field trials and small-scale demonstration projects. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • innovative businesses, located in Newfoundland and Labrador, with pre-commercial R&D needs and high growth potential,
  • Newfoundland and Labrador academics.

Application Steps:

1

Applicants must complete the application form for the project they are interested in.

Documentation Needed: 

​Applicants must submit:

  • the application form,
  •  the project proposal,
  • other supporting document specific for each application/program.

Program Contact:

Tourism, Culture, Industry and Innovation

Employment Enhancement Program

Amount:

No Fixed Amount

Type of Program:

Wage Subsidy

Description:

The Employment Enhancement program supports employers in the forestry, aquaculture, agriculture, and fishing sectors engaged in value-added secondary processing by providing funding to employers to create sustainable, long-term employment or seasonal employment and a training allowance to support new employees.

Comments on Funding:

Funding is a wage subsidy of 60%, to a maximum of $12 per hour, for a period of 10-28 weeks, plus a training allowance up to $3,000 for the individual hired. 

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

The applicant must:

  • be an organization,
  • be incorporated or a sole proprietor,
  • have a Canada Revenue Agency business number,
  • be in good standing with Registry of Companies and Deeds,
  • have an office location/base in Newfoundland and Labrador.
  • adhere to the all relevant Terms and Conditions of the Employment Enhancement Program.

Application Steps:

1

register and create an account in the Department of Advanced Education, Skills and Labor’ LaMPSS payment system to apply on-line,

2

complete and submit an online application and wait to be notified by email after a decision is made on the application – within 20 business days of receipt of a complete application,

3

hire an individual within 30 business days from approval.

Documentation Needed: 

The applicant must submit:

  • an online application form,
  • a job description
  • a training description.

​Activity and Financial reports for Self-employment Assistance Coordinator should be completed online using LaMPSS Self-serve functionality.

Program Contact:

​Employment Enhancement Program

​Employment Enhancement Program Program Guidelines ​​​