Brownfield Remediation Tax Assistance (BRTA)
“City of Toronto”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
Brownfield Remediation Tax Assistance (BRTA) is a component of the IMIT Business Incentive Program. The BRTA program encourages investment in sites where contamination has rendered the property vacant, under-utilized, unsafe, unproductive or abandoned.
- Remediation of sites and their subsequent development may result in an increase in the assessed value of a property The BRTA allows the City of Toronto to cancel all or a portion of the tax increase directly attributed to the increase in assessed value related to the remediation and development to help brownfield property owners offset the remediation costs incurred.
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