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Snapshot 1dd747e8863e · verified 2026-06-05 ·
original document ·
archived snapshot ·
unofficial consolidation, the official version is held by the municipal clerk.
34 Reid's Lane Deer Lake, NL A8A 2A2 P 709 635 2451 F 709 635 5857 [email protected] www.deerlake.ca
BUSINESS TAX
Minimum
$399.00
For Business Tax bases on Assessment:
General Business
7.75 mils
Doctors/Dentist/Professionals
18.0 mils
Banks / Drug Stores
140.0 mils
Car Rental Agencies
69.5 mils
Aviation
10.0 mils
Financial / Insurance Services
17.0 mils
Hotels/Motel
11.0 mils
Agriculture
5.5 mils
Senior's Manor
6.5 mils
Funeral Homes
16.0 mils
Retail with Gas/Diesel
20.0 mils
Retail with Gas
9.0 mils
Grocery
20.0 mils
BUSNIESS TAX INCENTIVE
TOWN OF DEER LAKE
A new business starting in Deer Lake is eligible for a Tax Incentive. The incentive
exempts that business from Business Tax for the first year of operation and phases
in the tax over the following 4 years in increments of 20 per cent each year. The
incentive is also available to an existing business that expands its operation and
increases the assessed value by $50,000 or more.
Year One
Business Tax exempted 100%
Year Two
Business Tax exempted 80%
Year Three
Business Tax exempted 60%
Year Four
Business Tax exempted 40%
Year Five
Business Tax exempted 2