Peel Business Owners Being Consulted on Changes to Vacant Unit Rebate Program
BRAMPTON, ON (April 26, 2017) – Since 1998, property owners with vacant commercial and industrial buildings or land have received a property tax rebate under the Vacant Unit Rebate Program. The Province of Ontario is now allowing municipalities flexibility to tailor the program to their needs.
Meetings for Business Owners
During the month of May, the Region of Peel will consult with business owners in Brampton, Mississauga and Caledon to discuss the proposed changes to the program at these locations:
- Caledon: Mayfield/Palgrave Rooms, Caledon Town Hall on Wednesday, May 3, 9:30 – 11:30 a.m.
- Brampton: Boardroom WT–2C and WT–2D, West Tower, Brampton City Hall on Wednesday, May 3, 2– 4 p.m.
- Mississauga: Applewood Room, Burnhamthorpe Community Centre on Friday May 5, 9:30 – 11:30 a.m.
The Region is proposing a gradual phase out of the vacancy rebate program. Rebate percentages will be reduced yearly and by 2020 the program will end:
- 2017 – current rebate of 30% with some eligibility changes
- 2018 – rebate of 20%, same eligibility as 2017
- 2019 – rebate of 10%, same eligibility as 2017
- 2020 – rebate of 0%, program ended
The Region will also introduce these eligibility changes in 2017:
- An eligible vacant unit must not include any non–permanent structures (e.g., cubicle walls, removable shelving, furniture, etc.) and must not be used for any form of storage.
- A property / unit / delineated area will not be eligible if a vacancy rebate has been provided in the last three consecutive years (i.e., 2014, 2015 and 2016 taxation years).
- Storage units, hotels, fuel storage tanks, gravel pits, when a business is closed due to strike or lockout, or when a unit is in a fixturing period will no longer be eligible for the program.
Business owners can give us feedback by completing the Vacant Unit Rebate Questionnaire. The deadline to give feedback is May 26, 2017.
The Region of Peel works with residents and partners to create a healthy, safe and connected community for life for more than 1.4 million people and approximately 143,000 businesses in the cities of Brampton and Mississauga and the Town of Caledon. Peel's services touch the lives of residents every day. For more information about the Region of Peel, explore peelregion.ca and follow us on Twitter at @regionofpeel.