Laval Économique — Tax credit – Urban modernization
Last Update: June 9, 2025
Laval, QC
Supports property tax credits for industrial park modernization projects
Laval Économique — Tax credit – Urban modernization at a glance
Eligible Funding
- Max. $1,000,000
- Up to 100% of project cost
Timeline
- Continuous Intakes
Financing Type
Tax Credits
Eligible Industries
- Construction
- Manufacturing
- Real estate and rental and leasing
- Professional, scientific and technical services
Grant Providers
- Laval Economique
Status
Open
Overview of the Laval Économique — Tax credit – Urban modernization program
The Laval Économique Urban Modernization Tax Credit offers up to $1 million per year for a maximum of 48 months to support the modernization and revitalization of industrial parks in Laval. Eligible activities include construction, demolition-rebuilding, renovation, or expansion projects that increase property value by at least 30%.
Financing terms and conditions
- Tax credit available for up to 48 months, capped at $1 million per year.
- The tax credit is calculated as a percentage of the general property value increase after eligible work: 100% for the first year, 75% for the second, 50% for the third, and 25% for the fourth year.
- Higher percentages may apply if the building obtains BOMA BEST, LEED, or Living Building Challenge certification.
Eligible projects & activities
- Construction of new buildings within the designated industrial parks.
- Demolition and rebuilding of existing structures.
- Renovation projects that enhance existing facilities.
- Expansion of current buildings to increase property value.
Examples of admissible projects:
$ 600,000
Expanding a printing facility to incorporate eco-friendly technology
$ 225,000
Renovating chemical lab to support R&D biotechnology projects
$ 950,000
Constructing a new warehouse with energy-efficient systems
$ 600,000
Expansion of a manufacturing facility to increase production lines
$ 315,000
Renovating a food processing plant with advanced sanitary systems
$ 980,000
Demolishing and rebuilding a logistics centre for modernization
Eligibility criteria of the Laval Économique — Tax credit – Urban modernization program
- The project must take place within the Centre, East (Saint-Vincent-de-Paul sector) industrial parks, or Biotech City park in Laval.
- The project must involve construction, demolition-rebuilding, renovation, or expansion work.
- The project must result in an increase of at least 30% in the property value of the building.
- The application must be submitted and receive written notification of acceptance before any work begins.
- The project must be completed within three years of notice of compliance or by December 31, 2027, whichever comes first.
Who is eligible?
- Property owners with buildings located in Centre industrial park
- Property owners with buildings located in East (Saint-Vincent-de-Paul sector) industrial park
- Property owners with buildings located in Biotech City park
Eligible expenses
- Construction work costs that increase the property's value.
- Demolition and rebuilding expenses that contribute to an increase in property value.
- Renovation expenses that result in a higher assessed value of the property.
- Expansion work costs that lead to at least a 30% increase in the building's property value.
Eligible geographic areas
- Properties located in the Centre industrial park, Laval.
- Properties located in the East (Saint-Vincent-de-Paul sector) industrial park, Laval.
- Properties located in Biotech City park, Laval.
How to apply to the Laval Économique — Tax credit – Urban modernization program
1
Confirm project and location eligibility
- Verify eligibility of your building’s location within the Centre industrial park, East (Saint-Vincent-de-Paul sector) industrial park, or Biotech City park
- Ensure your project meets the requirement for a minimum 30% increase in property value
2
Submit application and wait for approval
- Prepare all required documentation for your application
- Submit the complete application form to Ville de Laval before December 31, 2025
- Wait for written notification of acceptance before starting any work
3
Complete approved work
- Upon receiving the notice of compliance, complete the approved work within three years or by December 31, 2027, whichever comes first
Additional information
- The tax credit percentage increases if the building receives BOMA BEST, LEED, or Living Building Challenge certification.
- The program is managed by the Ville de Laval via Laval Économique.
Contact Laval Economique
l.emondpaquin@laval.ca
438-873-0269