Town of Blaine Lake Tax Incentives Residential Property

New Construction of a New Residence:

1. In all cases the land on which the residence is situated will be assessed for taxation.
2. Taxes will be levied on the residence commencing Jan 1st of the third year following the start of construction (all homes on which construction was started during 2006 will be assessed effective Jan 1st, 2009)
3. If an existing home is demolished to accommodate the construction of a new residence, an assessment equal to that of the former residence will be used to calculate the taxes to the end of the tax holiday period.

Additions:

1. Additions qualify if the increase in assessment is equal to at least 50% of the original assessment.
2. Taxes will be levied on the addition commencing Jan 1st of the third year following the start of construction.

Town of Blaine Lake Tax Incentives on
Commercial Property

Construction of a New Business:

1. In all cases the land on which the business is situated will be assessed for taxation.
2. Taxes will be levied on the business building commencing Jan 1st of the third year following the start of construction (if a building started construction in 2006, it would be assessed effective Jan 1st, 2009.)
3. If an existing commercial building is demolished to accommodate the construction of a new commercial building, an assessment equal to that of the former building will be used to calculate the taxes to the end of the tax holiday period.

Additions:

1. Additions qualify if the increase in assessment is equal to at least 50% of the original assessment.
2. Taxes will be levied on the addition commencing Jan 1st of the third year following the start of construction.

Infilling of Existing Buildings:

1. Businesses that occupy existing buildings that have been vacant for a minimum period of 12 months, will quality for the reductions in taxes as follows:

75% in the first year of operation
50% in the second year of operation
25% in the third year of operation

BLEDCO – Blaine Lake Economic Development Co-operative

BLEDCO has been in existence in Blaine Lake and area over the past number of years providing funding to new and existing businesses through the Saskatchewan Small Business Loans Association (SBLA).

PURPOSE: The Small Business Loans Association (SBLA) Program encourages diversification of the Saskatchewan economy and supports community economic development by making funding available, through community-run organizations like BLEDCO, to entrepreneurs. The SBLA program is only available to Saskatchewan businesses. Thousands of small businesses have been assisted across the province, and hundreds of Small Business Loans Associations have been formed, since the program was introduced in 1989. 

BENEFITS: Retention and growth of businesses in a community is critical in retaining the population and tax base of a community. A stable population is key to retaining schools and other services.

WHO CAN BORROW FROM AN SBLA?
Each individual business is eligible for the maximum $15,000 SBLA loan under the program. In making loans, an SBLA generally judges businesses on their ability to create jobs and to add services to communities.  The intent of the program is to provide help to entrepreneurs who otherwise might not get started. Businesses not eligible for assistance are those engaged in direct farming, exploration (e.g. mining and oil extraction), residential real estate and multi-level marketing.

HOW TO APPLY?
To borrow from BLEDCO through the SBLA you can contact Pamela Lavoie at (306) 497-3100 or (306) 497-3126 for more program information and application forms.