Cape Breton Regional Municipality Tax Incentive for Downtowns and Business Parks: 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.