Business and Investing Incentives

Tax Incentives

We value the companies and businesses that choose the Town of Paradise. New businesses increase employment opportunities available to our residents, and add infrastructure and diversity to our Town. That's why the Town of Paradise is pleased to offer a three-year, 50 per cent annual business tax incentive for any new non-competing company seeking to establish itself here. Applications must be received within 12 months of business start-up.

For expanding businesses, there is a three (3) year, 50 per cent annual business tax incentive on the physical expansion portion only. Applications must be received within 12 months of completion. 

Businesses who are in good standing with the Town of Paradise, and members of either the Mount Pearl Paradise or Conception Bay Area Chamber of Commerce, the town does offer a annual $100 tax incentive. For additional information, please see the Town's Tax Exemption/Incentive Policy.

Brownfield Development

As we continue to grow it is important to encourage the development and re-development of commercial spaces within our Town. This means working to fully realize the potential of idle development areas. The Brownfield Development Grant Program promotes redevelopment of qualified brownfield properties by helping cover some of the remediation costs.

Business Tax Exemptions for Charitable & Not-For-Profit Organizations

The Town of Paradise exempts not-for-profit organizations operating within the Town from business tax. Organizations must meet specific criteria to be eligible for exemptions. Please see our Tax Exemption/Incentive Policy for Guidelines and Procedures pertaining to eligibility.