Economic Diversification and Growth Enterprises 

Department of Innovation, Business and Rural Development, Government of Newfoundland and Labrador

Applies only to: Newfoundland and Labrador

If you establish or expand your business in Newfoundland and Labrador, particularly rural areas, you may be eligible for:

  • 10 to 15 years of:
    • 100% rebate on provincial corporate income tax and 50% rebate on federal corporate income tax
    • 100% rebate on the provincial health and post-secondary education tax levy
    • 100% rebate on municipal property and/or business taxes in participating municipalities
  • A further 5-year phase-out period of partial rebates on the taxes referenced above
  • Access to unserviced Crown land for one dollar, if land is required to implement your business plan