What is the Brownfields Financial Tax Incentive Program?
The Brownfields Financial Tax Incentive Program (BFTIP) is an initiative of the government of Ontario to encourage the cleanup and redevelopment of brownfield properties. It provides provincial education property tax assistance to match municipal property tax assistance for cleanup of eligible brownfield properties. Under the program, the province can cancel all, or a portion of the education property taxes of a property for up to three years. Municipalities can apply for an extension prior to the termination of the tax assistance. How do I apply? If you are a brownfield property owner interested in the Brownfields Financial Tax Incentive Program, contact your local municipality. Municipalities apply on behalf of property owners. They must also be qualified under the program before the owner can receive provincial assistance. A municipality interested in BFTIP must first be offering municipal property tax assistance on the brownfield property located within a Community Improvement Plan
