Brownfield Remediation Tax Assistance (BRTA)
No fixed amount
Tax Credit
Description:
Brownfield Remediation Tax Assistance (BRTA) is a component of the Economic Development & Growth in Employment Incentive Program. The BRTA program encourages investment in sites where contamination has rendered the property vacant, under-utilized, unsafe, unproductive or abandoned.
Comments on Funding:
Eligible Costs
Costs incurred for remediation within 12 months prior to the submission of an application for the Brownfield Remediation Tax Assistance
Environmental studies (i.e. Phase II Environmental Site Assessment and/or Phase III Environmental Site Assessment/Remedial Workplan)
Environmental remediation
Environmental insurance premiums
Demolition or removal of debris relating to remediation
Costs of complying with a Certificate of Property Use.
Continuous Intake
Eligibility:
Applicants must be property owners
1. The property must not be in arrears of taxes or other fees and charges imposed by the City
2. The Owner must enter into a Financial Incentives Agreement with the City to be registered on title, pursuant to Section 28(7) and 28(11) of the Planning Act
3. The applicant must meet any further conditions as may be included in the By-law passed pursuant to Section 333(2) of the City of Toronto Act, 2006, if any.
Application Steps:
Applicants may apply for BRTA by contacting program staff by email at incentives@toronto.ca or by phone at 416-392-0466.
Documentation Needed:
Applicants must submit:
1. A Phase II Environmental Site Assessment confirming that the property does not meet standards that would permit a Record of Site Condition to be filed with the Ministry of Environment
2. A brief description of the remediation proposed, including technologies to be used and the expected duration of remediation work
3. A statement and summary of all costs to be incurred in connection with the remediation
4. A signed declaration respecting funding from other City or external sources.
Details of the proposed development.
Other Things to Note:
About the author
Maurice