Taxation - on the Cutting EDGE

Our Economic Diversification and Growth Enterprises (EDGE) initiative is a business incentive program with features that include 10-year tax holidays from provincial corporate income tax and the health and post-secondary education (payroll) tax. The tax holiday is also extended to municipal property and business taxes by 45 municipalities that have joined with the Province in offering EDGE incentives.

Today there are 60 companies in Newfoundland and Labrador in good standing which are participating in the EDGE program and more are under review.

EDGE companies have invested $70 million in the provincial economy to date and are employing in excess of 800 people. The potential exists for these companies to generate $700 million in new investment and employ well over 2,500. Over half of the companies are in the manufacturing sector. EDGE has caught on here at home, with over 60 per cent of current EDGE participants being established Newfoundland and Labrador businesses.


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