1E9Ct5D

It will create and maintain 10 new permanent jobs in the province;It is prepared to make a minimum capital investment of $300,000 or generate incremental annual sales of$500,000;It would not establish or expand in the province in the absence of the EDGE incentives;The EDGE incentives will not give it a direct competitive advantage over other existing businesses in theprovince; andThe new business activity will have a substantial net economic benefit to the province.EDGE Incentives: Companies approved for EDGE status are entitled to the following incentivesand benefits:A 100% rebate on provincial corporate income tax and the provincial payroll tax;A 50% rebate on federal corporate income tax;A 100% rebate on municipal property and/or municipal business taxes in participating municipalities; andAccess to unserviced Crown land for $1.00 where such land is required to implement the company’sbusiness plan.For more information on these and other programs, contact:Department of BusinessGovernment of Newfoundland and Labrador6th Floor, East Block Confederation BuildingP.O. Box 8700St. John's, NLA1B 4J6Tel: 709.729.3254Fax: 709.729.3306E-mail: business@gov.nl.caWeb: www.nlbusiness.caBUSINESS TAXATIONNewfoundland and Labrador has one of the most favourable business tax climates in Canada.The Corporate Income Tax (“CIT”) rates are amongst the lowest in the country. The HarmonizedSales Tax (“HST”) has resulted in the removal of tax on business inputs. Unlike many provinces,Newfoundland and Labrador does not impose a general capital tax. While Newfoundland andLabrador imposes a 2% payroll tax, the exemption threshold relieves virtually all smallbusinesses from this tax. A number of tax credits and incentives are designed to encourageeconomic growth in strategic areas.MANUFACTURING AND PROCESSING PROFITS TAX CREDITThis credit applies to corporations that carry out manufacturing and processing from apermanent establishment located in Newfoundland and Labrador. The credit allows a deductionBusiness Incentives 177