Closed
Source verified July 18, 2026
Tax Increment Equivalent Grant (TIEG) Program
Tax relief for major development projects
Latest source updateLast Update: May 18, 2026Latest change: The TIEG program content now includes Bracebridge-specific eligibility, funding, and application instructions, including priority sites, a property-owner-only rule, an online application link, and a pre-consultation contact.View change
Latest source update
Last Update: May 18, 2026
Latest change: The TIEG program content now includes Bracebridge-specific eligibility, funding, and application instructions, including priority sites, a property-owner-only rule, an online application link, and a pre-consultation contact.
TIEG Program scope and application details updated
The program content now adds Bracebridge-specific TIEG details, including the eligible priority sites, the covered property types, and a new requirement that only property owners may apply. It also adds a direct application link and pre-consultation contact instructions before submitting an application. The funding description now states that the grant can reach up to 100% of the lower-tier municipal tax increase in year one and then decline by 20% each year over five years. The eligibility language also emphasizes a minimum $500,000 increase in assessed value and clarifies the project types typically considered substantial.
Funding available
Up to 100% of project cost
Deadline
Closed
Location
Bracebridge, Ontario, Canada
Overview
Tax Increment Equivalent Grant (TIEG) Program supports substantial rehabilitation, redevelopment, development, infill and intensification projects in Centre Wellington by reducing the municipal property tax increase. Approved projects may receive annual payments for five years, based on the Township portion of the tax increment and the TIEG Program Evaluation Framework.
Find open grants for your business
Explore open funding programs that match your business and project.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Increase production or service capacity
- Increase operational productivity
Eligible Funding
- Up to 100% of project cost
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- Bracebridge
- Ontario
Legal structures
- For-profit business
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- Substantial rehabilitation and redevelopment projects.
- Development, infill and intensification projects.
Official resources
Eligibility
Who is eligible?
- Property owners undertaking substantial development projects.
- Applicants carrying out redevelopment, rehabilitation, infill, or intensification projects.
Eligible geographic areas
- Township of Centre Wellington, Ontario.
Selection criteria
- Both the proposed and as-built project must achieve the minimum score specified in the TIEG Program Evaluation Framework.
How to apply
- Step 1: Contact Economic Development
- Reach out to the Township’s Economic Development Department for guidance.
- Step 2: Submit application
- Apply through the Township’s process for the Community Improvement Plan.
- Step 3: Build and complete the project
- Carry out the approved project and complete it in accordance with the application.
- Step 4: Township review and annual payment
- Undergo final inspections and evaluation before annual grant payments begin.
Processing and Agreement
- The approved applicant first constructs and completes the approved project.
- The Township pays the grant annually for up to 5 years once the project has been completed in accordance with the grant application, final building inspections have taken place, the as-built project has achieved the minimum eligibility score specified in the TIEG Program Evaluation Framework, an occupancy permit has been issued if applicable, all deficiencies have been addressed, all general and program specific requirements and grant agreement requirements have been met and continue to be met to the Township’s satisfaction, the property has been reassessed by MPAC, and the new property taxes have been paid in full for the year.
Additional information
- The grant is paid annually for up to five years after project completion.
- Pre-project municipal taxes are set at the time the application is approved.
- The Township may set a maximum total grant per application, property, or project.
- The grant may be assigned only in connection with a property sale or transfer, and then ends on any later transfer.
Contacts
Other components of this program
Explore related funding streams and grants that belong to the same program.
- Housing Community Improvement Plan (CIP) - Development Charges Deferral ProgramDefer development charges for qualifying housing projects
Frequently Asked Questions about the Tax Increment Equivalent Grant (TIEG) Program Program
What is the Tax Increment Equivalent Grant (TIEG) Program?
Tax Increment Equivalent Grant (TIEG) Program supports substantial rehabilitation, redevelopment, development, infill and intensification projects in Centre Wellington by reducing the municipal property tax increase. Approved projects may receive annual payments for five years, based on the Township portion of the tax increment and the TIEG Program Evaluation Framework.
How much funding can be received?
Tax Increment Equivalent Grant (TIEG) Program Funds up to 100% of admissible expenses.
Who is eligible for the Tax Increment Equivalent Grant (TIEG) Program program?
To be eligible for the Tax Increment Equivalent Grant (TIEG) Program program, you must:
The project must be considered a substantial project by the Township.
Both the proposed and as-built project must achieve the minimum evaluation score.
What expenses are eligible under Tax Increment Equivalent Grant (TIEG) Program?
Substantial rehabilitation and redevelopment projects.
Development, infill and intensification projects.
Who can I contact for more information about the Tax Increment Equivalent Grant (TIEG) Program?
You can contact City of Barrie or by phone at 519.846.9691 x304.
Where is the Tax Increment Equivalent Grant (TIEG) Program available?
The Tax Increment Equivalent Grant (TIEG) Program program is available the province of Ontario.
Is the Tax Increment Equivalent Grant (TIEG) Program a grant, loan, or tax credit?
Tax Increment Equivalent Grant (TIEG) Program is a Grant and Funding