Tax Credit
Direct Equity Tax Credit Program
The Direct Equity Tax Credit Program (DETC) 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 as shareholders in eligible small business activities.
- 4.5/5.0
- Newfoundland and Labrador. Finance
- All levels
- Last updated 3 years ago
- English
Description
The Direct Equity Tax Credit Program (DETC) 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 as shareholders in eligible small business activities.- To encourage private investment in new or expanding small businesses as a means of creating new jobs and diversifying the economy.