Business Improvement Program (BIP)
The Business Improvement Program (BIP) encourages commercial building owners to invest in storefront improvements. The program provides tax credit to cover a portion of renovation costs.
The tax credit will be limited to the lowest of:
a) 50% of actual expenses on façade improvement (net of HST)
b) Annual property tax for 2019
c) $10,000
Program Goals
This program is intended to:
General Guidelines
For the Program Details and the Application Form please click here
Deadlines
Application will be considered and approved on a first qualifying basis, until the entire $50,000 tax credit has been committed.
Approved projects must be completed and all required information submitted by December 15.
Please submit application to:
Business Division, City of Corner Brook
5 Park Street, P.O. Box 1080
Corner Brook, NL, Canada
A2H 6E1
Tel: 709-637-1551
Email: bip@cornerbrook.com
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