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Incentive program sees 2 resorts start, millions flow

from CBC News

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. 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. more


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