Amount:No Fixed Amount Type of Program:Tax Credit Description:Under the tax incentive strategy a tax incentive is provided for redevelopment of existing commercial properties for commercial purposes. Comments on Funding:The incentive is based on the increase of the real property tax assessment as a result of the project. The annual incentive is calculated on the increase assessment…
Amount:No Fixed Amount Type of Program:Tax Credit Description:Under the tax incentive strategy, a tax incentive is provided to businesses in the bio-technology, financial services, IT, aerospace and advanced manufacturing sectors for construction or development. Comments on Funding:The incentive is based on the increase of the real property tax assessment as a result of the project. The…
Amount:No Fixed Amount Type of Program:Grants, Fee Reduction or Exemption Description:The Charlottetown Heritage Incentive Program includes both monetary and nonmonetary incentives for development of individually designated properties and/or properties located in the Heritage Preservation Area. The program is designed to provide financial assistance as well as recognition for the appropriate development of heritage resources within…
