Laval Économique — Tax credit – Urban modernization

• 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.

• 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.

• 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.