CBRM TAX INCENTIVE FOR DOWNTOWNS AND BUSINESS PARKS
The Cape Breton Regional Municipality (CBRM) has a commercial tax incentive to promote downtown revitalization and business park development.
The following development or renovations to commercial property are available:
- Tax assessment increases of $100,000 or more are eligible for up to ten years of tax reductions
- Tax assessment increases of less than $100,000 are eligible for up to five years of tax reductions
- Total tax reduction of up to 50% over the phase-in period are possible
WHERE DOES THE INCENTIVE APPLY?
CBRM’s core downtown areas in multiple communities:
- Glace Bay
- North Sydney
- New Waterford
- Sydney Mines
- Whitney Pier
It also applies to the municipality’s three business parks:
Click the map below to see eligible downtowns and business parks. For detailed maps of the eligible areas, refer to Appendix A, Maps, of the Commercial Development District Improvement By-Law No. C-300 on the CBRM website.
DEVELOPMENT OPPORTUNITIES IN THE CBRM
Contact the Cape Breton Partnership for site selection assistance, connection to local programs and supports, and access to the tools and resources to make your business and investment succeed.
Economic Development Officer, CBRM REN
Cape Breton Partnership
(w) 902-562-0122 | (c) 902-202-7306
HOW TO APPLY
Applicants must apply for the Development Support Program prior to applying for a Development Permit or Building Permit. To confirm eligibility and to receive an application form, contact:
CBRM Planning Department
320 Esplanade, Sydney Nova Scotia