How much funding can be received?

Funds up to 100% of admissible expenses, capped at $1000000 per project.

What is the deadline to apply?

The deadline to apply is not specified.

Who are the financial supporters of the Laval Économique — Tax credit – Urban modernization?

Laval Économique — Tax credit – Urban modernization is funded by Laval Economique

What are Laval Économique — Tax credit – Urban modernization's eligibility criterias?

Project must be located in Centre or East industrial parks or Biotech City park in Laval. Work must result in at least a 30% increase in property value. Work must not be started before written acceptance notification is received.

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

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

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

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.