A tax credit for a maximum period of 48 months, up to $1 million per year. The credit is equivalent to a percentage of the property value, established after the eligible work is completed.
Laval économique is dedicated to the modernization and revitalization of the Centre and Est (Saint-Vincent-de-Paul area) industrial parks and the Cité de la Biotech.
Our Urban modernization Program (property tax credit) aims to promote renovation work and optimize facilities in this fast-growing area.
See below for complete details concerning eligibility for the program and the terms and conditions of financing.
Financial assistance offered under the Urban modernization Program takes the form of…
Who can benefit from this financing program?
Find out if your business is eligible for the Urban Retrofit programsee the interactive mapand follow the steps below:
- Enter in the Search field, the address or the land registry number of the company
- Check off Tax Credit Program - Revitalization in the Interactive Maps field. The business is eligible if it appears in the selected areas in purple
In order to be eligible, you must demonstrate that your construction, demolition, reconstruction, renovation or expansion work results in a minimum increase of 30% in the building’s property value. The building must be located in one of the three industrial parks to which the program applies.
Application submission deadline
You have until December 31, 2025 to submit an application for financing under the this program.
Application submission guidelines
If you believe that you are eligible for this program, please contact us as soon as possible. Our team will be able to walk you through the steps required to submit an application in good and due form.
Want to discuss your project with a member of our team? Please contact us.