Toronto Business Incentives
Estimate how much you could save with an IMIT Grant.
Qualified applicants who are constructing a new building or expanding an existing building may save an average of 60% of the resulting increase in municipal property tax over a 10-year period.
Enter your property’s assessment information below to see what the value of a 10-year IMIT Grant could be:
The IMIT Grant, otherwise known as a tax increment equivalent grant (TIEG), is calculated each year as a declining percentage of the equivalent of the municipal tax increment, based on MPAC reassessment of the property which reflects the new development.
Please note:
The IMIT Estimator is made available as a self help tool for your independent use with results based on information provided by you. This website, its features, and the IMIT Estimator are only as reliable as the information that you provide. This website, its features, and the IMIT Estimator do not and cannot check the information you provide for accuracy. Estimated results cannot be guaranteed, even if you provide accurate information.
Information on this site is for informational purposes only and is not intended to provide financial advice and should not be relied upon in that regard. Do not make financial commitments or significant decisions solely based on the results provided by the Estimator.
Contact incentives@toronto.ca for more information about doing business in Toronto.