A detailed table outlining the various programs available in Newfoundland and Labrador are listed below. If you would like to discuss your eligibility for any of these programs, please do not hesitate to contact a member of our team.

Atlantic Canada Opportunities Agency (ACOA)’s Atlantic Innovation Fund

Description Eligibility Application details
  • The AIF helps Atlantic Canadians develop and bring to market new products and services that lead to market success, help grow strategic sectors, or lead to the creation of research and commercialization partnerships. To find out more, including who can apply and how much assistance is available, please see our Frequently Asked Questions or contact ACOA 
  • To be eligible, you are a business, co-operative, university, college, or research institution looking to: develop and bring to market new products and services that meet market demands and global quality standards; adapt new technology to meet business needs or respond to market opportunities; or help Atlantic Canada’s new and traditional sectors pursue opportunities, solve challenges, stay competitive and grow
     
  • To submit an application for financial assistance, click here
 

Propel Accelerator 

Description Eligibility Application details
  • Propel is an accelator program devoted exclusively to Atlantic Canada. Propel works with technology companies that have potential to scale quickly.
  • The program offers mentorship and may assist with early stage funding by connecting companies to investors.
  • There are no up-front costs to join
  • The program is flexible and accepts a wide range of early stage technology companies, whether led by solo founders or larger teams, and at various stages of their growth
     
  • Applications are accepted on a rolling basis. Submit your application here
 

Tax Return Filing Deadline Deferrals

Description Eligibility Application details
  • International Fuel Tax Agreement returns for Q1 2020 due on April 30, 2020 from inter-jurisdictional carriers, under section 8 of the Revenue Administration Regulations, are now due and payable on June 1, 2020
  • All other tax returns falling under the purview of the Revenue Administration Act and Regulations, which would otherwise be due March 20, 2020 to May 31, 2020, are now due June 23, 2020. The tax returns applicable to this extension include: Gasoline Tax, Carbon Tax, Health and Post-Secondary Education Tax, Insurance Companies Tax, Mining and Mineral Rights Tax, Tax on Insurance Premiums and Tobacco Tax  
  • Businesses based in Newfoundland and Labrador may be eligible 
     
  • N/A
 

Deferred Loan Payments

Description Eligibility Application details
  • The Department of Tourism, Culture, Industry and Innovation (TCII) has implemented a three month deferral of loan payments for all clients with business loans under the Innovation and Business Investment Corporation’s Business Investment Fund. Payments scheduled to be processed in April, May and June of 2020 will be deferred
  • Organizations will not be required to reimburse TCII for funding for programming that was cancelled or delayed due to COVID-19
  • Worker safety training certificates that expired since February 28, 2020 have been extended to June 30, 2020, with workers having to recertify by August 30, 2020
  • Businesses based in Newfoundland and Labrador may be eligible
     
  • N/A
 

WorkplaceNL

Description Eligibility Application details
  • Deferring the collection of employer assessment payments and waiving interest charges or penalties until June 30, 2020
  • Employers based in Newfoundland and Labrador may be eligible
     
 


Contacts

Vanessa Grant
Vanessa Grant
Senior Partner
Email
vanessa.grant@nortonrosefulbright.com
T: +1 416 216 4056
Mathieu Deschamps
Mathieu Deschamps
Partner, Canadian Co-Head of Mergers and Acquisitions
Email
mathieu.deschamps@nortonrosefulbright.com
T: +1 514 847 4344
Peter Riddell
Peter Riddell
Partner
Email
peter.riddell@nortonrosefulbright.com
T: +1 514 847 4536
Maya Medeiros
Maya Medeiros
Partner
Email
maya.medeiros@nortonrosefulbright.com
T: +1 604 641 4846
Paul Amirault
Paul Amirault
Partner
Email
paul.amirault@nortonrosefulbright.com
T: +1 613 780 8601
Brigitte LeBlanc-Lapointe
Brigitte LeBlanc-Lapointe
Partner
Email
brigitte.leblanc-lapointe@nortonrosefulbright.com
T: +1 613 780 8638
Elizabeth Williams
Elizabeth Williams
Managing Partner, Calgary Office
Email
elizabeth.williams@nortonrosefulbright.com
T: +1 403 267 8383
Pierre Nicol
Pierre Nicol
Senior Partner
Email
pierre.nicol@nortonrosefulbright.com
T: +1 418 640 5013

Industries:

Practice areas:

Recent publications

New Competition Legal Framework in Mexico: What you need to know

Publication

New competition legal framework in Mexico: What you need to know

A major reform to the Mexican Federal Economic Competition Law has been published in the Federal Register, and is set to become effective.

Global | July 17, 2025

Energy
MA Outlook 2025 Survey Crop 1

Publication

Global M&A trends and risks 2025

Following a relatively promising start to the year for mergers and acquisitions (M&A) activity, the US tariff announcements shook dealmaker confidence, triggering global trade uncertainty and stalling M&A deals across the global M&A landscape.

Global | June 10, 2025

Corporate, M&A and securities
Wide angle abstract background view of steel light

Publication

UK LTAFs: Playing the long game

The UK Long-Term Asset Fund (LTAF) remains a relatively new type of fund structure designed to give investors access to long-term and illiquid assets, including private equity, private debt, real estate and infrastructure.

Global | June 03, 2025

Financial services and regulation
Site search

Subscribe and stay up to date with the latest legal news, information and events . . .

Register now