Provincial Income Tax Credits

provincial income tax credits: As of January, more than $3 million in provincial income tax credits had been provided to buyers of condo units and chalets at the two resorts, according to CBC. When the program was unveiled six years ago, a troika of cabinet ministers furnished glowing comments about the potential benefits for tourism. The resulting press release ran more than 1,000 words and A tax credit aimed at enticing developers to build first-class resorts in Newfoundland and Labrador has resulted in only one completed complex, plus another that has received benefits even though it has yet to build the required number of units. The status of a third potential resort remains unclear. (www.immigrantscanada.com). As reported in the news.