Laval Économique — Tax credit – Urban Expansion

• Property tax credit for a maximum period of 60 months, up to $1.6 million per year.
• The credit corresponds to a percentage of the increase in property value after eligible work: 100% for the first 24 months, 75% for the next 12 months, 50% for the following 12 months, and 25% for the final 12 months.
• Enhanced percentage if the building achieves BOMA BEST, LEED, or Living Building Challenge certification.

• The applicant must be an investor or business owner planning to establish or expand operations in Laval.
• The company must operate in the manufacturing sector or select other qualifying sectors.
• The project must involve the construction of a new non-residential building or a major expansion/renovation of an existing one.
• For manufacturing and similar sectors, the property value increase after work completion must be at least $3 million for new builds and $2 million for expansions or renovations.
• For environmental services, cultural exhibitions, or tourist centers, the property value increase must be at least $10 million for new builds and $5 million for expansions or renovations.

Who is eligible?

• Manufacturing companies
• Environmental remediation services
• Exhibitions of cultural objects
• Tourism centers

Eligible expenses

• Property tax increases resulting from eligible new construction work on non-residential buildings.
• Property tax increases resulting from eligible major improvement or renovation work on non-residential buildings.

Eligible geographic areas

• City of Laval, Quebec

• Tax credit percentages are enhanced if the building achieves BOMA BEST, LEED, or Living Building Challenge certifications.
• Once an applicant receives a conformity notice from the City of Laval, the authorized work must be completed within three years or by December 31, 2027, whichever comes first.