• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Atlantic Canada Business Grants

  • Atlantic Canada
    • Grants
    • Loans
    • Wage Subsidies
  • New Brunswick
    • New Brunswick Small Business Guide
      • Starting a Business in New Brunswick
      • Best Business to Start in New Brunswick
      • Businesses for Sale in New Brunswick
      • Register a Business in New Brunswick
      • Incorporating a Business in New Brunswick
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Newfoundland
    • Newfoundland & Labrador Business Guide
      • Start a Business in NL
      • Best Business to Start in NL
      • Businesses for Sale in NL
      • Incorporate a Business in NL
      • Register a Business in NL
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Nova Scotia
    • Nova Scotia Small Business Guide
      • Starting a Business in Nova Scotia
      • Best Business to Start in Nova Scotia
      • Businesses for Sale in Nova Scotia
      • Incorporating a Business in Nova Scotia
      • Register a Business in Nova Scotia
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • PEI
    • PEI Small Business Guide
      • Starting a Business in PEI
      • Best Business to Start in PEI
      • Businesses for Sale PEI
      • Incorporate a Business in PEI
      • Register a Business in PEI
    • Grants
    • Loans
    • Tax Credits
    • Wage Subsidies
  • Contact
  • About

Commercial Development District Improvement

by Maurice | February 2, 2023

Amount:

No Fixed Amount

Type of Program:

Rebate


Description:

The Development Support Program is established to provide assistance to owners of eligible property by providing the possibility of an annual partial rebate on taxes levied by the owner if the owner has undertaken development of their eligible property within a Commercial Development District. The rebates are designed to stimulate building construction and the expansion of the economy of the CBRM. Rebates will be processed by December 31st of the calendar year.

Comments on Funding:

Funding is a partial rebate on taxes levied on an eligible property which underwent development.

  1. 1
    For eligible properties where the increase in assessment is $100,000 or greater, the development rebate shall extend over a ten-year period (decreasing from 90% of the tax increment in the first year to 10% of the tax increment in the tenth year).
  2. 2
    For eligible properties where the increase is less than $100,000 the development rebate shall extend over a period of five years ((decreasing from 90% of the tax increment in the first year to 10% of the tax increment in the fifth year).

When It Ends:

Ongoing

Deadline:

Rolling deadline

Eligibility:

Applicants must:

  • be owners of eligible property;
  • have entered into Phased-in Assessment Agrement with the CBRM;
  • be undertaking new commercial developments;
  • have a building permit prior to submitting their application.

Application Steps:

1

Submit the application form to Jennifer Campbell, chief financial officer, Cape Breton regional municipality, 4th floor, 320 Esplanade, Sydney, N.S. B1P 7B9.

Documentation Needed: 

No specific documentation has been identified.

Program Contact:

Development Support Program

Related posts:

Nova Scotia Small Business: Complete Guide for Entrepreneurs
How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs
Incorporating a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs
How to Register a Business in Nova Scotia: Step-by-Step Guide for New Entrepreneurs

About Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Atlantic Canada to identify and maximize government grants to grow their business. Click here to learn more about Moe’s background and how he can help your business.

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Recent Posts

  • Nova Scotia Small Business: Complete Guide for Entrepreneurs
  • How to Start a Business in New Brunswick: Step-by-Step Guide for New Entrepreneurs
  • How to Start a Business in Newfoundland and Labrador: Step-by-Step Guide for New Entrepreneurs
  • Starting a Business in PEI: Step-by-Step Guide for Prince Edward Island Entrepreneurs
  • How to Start a Business in Nova Scotia (2023): Step-by-Step Guide for New Entrepreneurs

Recent Comments

  • Toni Mladineo on Clean Technology Loan

Footer

Company

  • About Me
  • Contact

Categories

  • Atlantic Canada
  • New Brunswick
  • Newfoundland & Labrador
  • Nova Scotia
  • Prince Edward Island

© 2023 · Atlantic Canada Business Grants

  • About Me
  • Contact