The program aims to alleviate the tax burden associated with the remediation and redevelopment of brownfield sites.
Jan 1, 2025
Home News & Resources ERASE Tax Assistance Program
The program supports revitalizing and reusing these areas by mitigating the costs of addressing historical environmental contamination.
Eligibility
Approval under this Program is conditional upon the Applicant receiving approval from the Minister of Finance for an application under Ontario’s Brownfield Financial Tax Incentive Program (BFTIP) to cancel the education portion of property taxes.
Amount
80% of the increase in the municipal portion of property taxes (the tax increment) that results from remediation and redevelopment of a site, or such lesser amount as noted below, will be cancelled annually until the expiration of the earlier of the following:
- Six (6) years for business development (commercial and industrial) or 10 years for residential development (including mixed-use residential); or
- A value that equals accepted eligible Program costs contained in Section C herein.
How to Apply
Please download and complete the application form. Once completed, email it to Johnpaul Loiacono at johnpaul.loiacono@hamilton.ca.