Brownfields Financial Tax Incentive Program (BFTIP)
“Ontario. Municipal Affairs and Housing”
The funder does not disclose this information
Maximum Eligible Amount
Tax Credit
Fund Type
The Brownfields tax incentive program (BFTIP) is a financing tool from the Government of Ontario that helps municipalities give tax assistance to clean up brownfield properties.
- It provides provincial education property tax assistance to match municipal property tax assistance for cleanup of eligible brownfield properties. Under the program, the province can cancel all, or a portion of the education property taxes of a property for up to three years. Municipalities can apply for an extension prior to the termination of the tax assistance.
- Cleaning up the contamination and reusing the land to make way for places like houses, offices, schools and recreation centres slows urban sprawl and supports: intensification; neighbourhood rejuvenation; the use of existing infrastructure.
Log in with Google