Toronto Business Incentives
Imagination, Manufacturing, Innovation, Technology (IMIT) Grants
- IMIT Grant savings calculator - New!
- Eligible sectors and uses
- Eligibility criteria
- Related Community Improvement Plans (CIP)
- Application Form
- Brownfields Remediation Tax Assistance
For more information on IMIT grants please call 416-392-0626 or email incentives@toronto.ca
The IMIT Grants program was approved unanimously by Toronto City Council and supports new building construction and/or building expansion in targeted sectors and areas across the City. The program will be made available for a five-year period.
Eligible development will benefit from a grant of up to 60% of the increase in the municipal taxes attributable to eligible new commercial and industrial construction over a 10-year period.
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Eligible sectors and uses
Note: The Sectors and Uses links below will take you to a definition of the term. Scroll that page to view all the definitions. To print the page, right click on the page and choose print.
The program generally targets the following:
Sectors
- Biomedical Operations
- Creative Industries
- Information and Communications Technology
- Manufacturing
- Tourism Attractions
Uses
- Broadcasting
- Computer Systems Design and Services
- Convergence Centres
- Corporate Office
- Film Studio Complex
- Food and Beverage Wholesale
- General Office
- Head Office
- Incubators
- Information Services and Data Processing
- Major Film Studios
- Performing Arts
- Scientific Research and Development
- Software Development
- Transformative Project
Eligibility criteria
- Applications must be submitted prior to issuance of the first above-grade building permit
- The property must not be in tax arrears
- The owner must participate in a City-endorsed hiring initiative
- Construction must:
- conform to all City processes and permits. Status to be confirmed annually.
- value at least $1 million
- meet minimum Green Development Standards (PDF)
- not be demolished for 10 years
- Minimum of $1,000,000 in building construction costs
- New building, expansion or substantial rehabilitation of existing building
- New building located on land that was previously developed for an urban use
- Eligible Location
- Eligible sector or use
- Applicant must be owner of property or their designated agent
- Agree to meet annual reporting requirement
- Applications for grants must be made prior to the issuance of the first above grade building permit for the development, unless the application is for a development for which the building permit application was made after December 13, 2007 and before September 17, 2008. (City-Wide CIP)
- Applications for grants must be made prior to the issuance of the first above grade building permit for the development, unless the application is for a development for which the building permit application was made after July 27, 2006 and before September 17, 2008. (Waterfront, South of Eastern CIPs)
Community Improvement Plans
The program applies to designated areas within the City as outlined in the following three Community Improvement Plans:
- City-wide (PDF)
- The Waterfront (PDF) consisting of three Focus Areas: East Bayfront, West Don Lands, and Port Lands.
- The South of Eastern Employment District (PDF)
Incentives application now available
- Apply now for the Imagination, Manufacturing, Innovation, Technology grant (PDF)