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CBRM Tax Incentive for Downtowns and Business Parks

Tyler Matthais

Economic Development Officer

285 Alexandra Street

902-562-0122

902-202-7306

Tyler@capebretonpartnership.com

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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