Economic Diversification and Growth Enterprises 

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:

• Ten to fifteen 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 five-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

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