Corner Brook Industrial Park Year-One Tax Exemption

In plain language

100% business-tax exemption for the first year for any new business that locates in Lundrigan Business Park, Watson's Pond, or Maple Valley Industrial Parks. Distinct from (and stackable with) the broader Corner Brook Business Incentive Program. Also note: 2026 budget enabled interest-free quarterly tax payments and halved interest on overdue accounts — useful cash-flow relief for park tenants. Active as of April 2026.

Who qualifies

What you'll have to report

Verification of park location and new-business status; business tax return filed normally with 100% exemption applied in year 1.