Business & Development Incentives

 

Commercial, Industrial and Downtown Development Tax Incentives

The Commercial, Industrial and Downtown Development Tax Incentives are intended to promote new development, and expansions within the Town of Carberry. The rebate amount shall be discussed on a case-by-case basis with the Developer. Rebates will be based on development costs, and other factors that are determined applicable by the Council of the Town of Carberry. Generally, the rebate structure will be as follows: 

Project Cost Rebate
25% of Assessed Value 25% tax reduction for 3 years, max $12,500
$50,000 - $99,999 33% tax reduction for 5 years, max $33,000
$100,000 - $249,999 40% tax reduction for 5 years, max $100,000
$250,000 66% tax reduction for 10 years, max $165,000

Residential Development Tax Incentive

The  Residential Development Tax Incentive is intended to promote new development, expansions and improvements to the residential areas within the Town of Carberry.  To be eligible for this rebate, the Developer must enter into a Development Agreement with the Town of Carberry. The rebate amount shall be discussed on a case-by-case basis with the Developer. Rebates will be based on development costs, and other factors that are determined applicable by the Council of the Town of Carberry.

View Residential Development Tax Incentive Details (PDF)

For more information on any of these grants and incentives, please contact: Karra Burney, Economic Development Officer at (204) 834-6616 or edo@townofcarberry.ca.

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