# Direct Equity Tax Credit

**Type:** Grant
**Category:** Other Programs
**Eligible Regions:** Newfoundland and Labrador
**Official Source:** https://www.gov.nl.ca/fin/tax-programs-incentives/business/directequitytaxcredit/

## About This Program

Tax credit for Newfoundland and Labrador investors

## Details

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.

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