Modernisation urbaine (crédit de taxes foncières) (Urban Modernization Tax Credit)

By mmuise
Description:

This program supports companies wishing to participate in the modernization and revitalization of the Center and East industrial parks (Saint-Vincent-de-Paul sector) as well as that of the Cité de la Biotech.


Comments on Funding:

A tax credit for a maximum period of 48 months, up to $1 million per year.
The credit is equivalent to an increase in the general property value, established after the completion of the eligible work.

Deadline: December 31, 2025
Eligibility:

Applicants must:

  • be businesses in the City of Laval that appears in the selected areas for Urban Modernization;
  • demonstrate that their construction, demolition, reconstruction, renovation or expansion work will generate an increase of at least 30% in the property value of the building. The latter must be located within the three parks of the territory of application.
Application Steps:

-

Documentation Needed:

-

Other Things to Note:

Applications are open until December 31, 2025.
No tax credit is granted if the work is undertaken or completed before receipt of a written notice of acceptance of the request.

About the author
mmuise