Closed
Tax Increment Equivalent Grant (TIEG) Program
Tax relief for major development projects
Last Update: April 29, 2026
Funding available
Up to 100% of project cost
Timeline
- Receipt of requests is now closed
Location
Ontario, Canada
Overview
Tax Increment Equivalent Grant (TIEG) Program supports substantial development by reducing the property tax increase generated by a project. It provides an annual tax increment equivalent grant for up to five years, based on the Township property tax increase.
/100
Opportunity Score
Moderate potential, but conditions must align.
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
Timeline
- Receipt of requests is now closed
Eligible candidates
Eligible Industries
- Agriculture, forestry, fishing and hunting
- Construction
- Manufacturing
- Wholesale trade
- Retail trade
- Real estate and rental and leasing
Location
- 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 projects.
- Redevelopment and development projects.
- Infill and intensification projects.
- Major building upgrades or expansions.
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
- Minimum evaluation score under the TIEG Program Evaluation Framework.
- Assessment value and property tax increase.
- Number of rental or affordable rental units created.
- Amount of new commercial, industrial, or agribusiness space created.
- Job creation and multiple CIP goals achieved.
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 Township aims to confirm TIEG eligibility within two weeks of receiving a completed application.
- Applicants are notified in writing once eligibility is confirmed.
- Legal Services then prepares the required legal agreements.
- Grant payments are made only after the project is completed, inspected, reassessed by MPAC, and taxes are paid in full.
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 development by reducing the property tax increase generated by a project. It provides an annual tax increment equivalent grant for up to five years, based on the Township property tax increase.
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:
Substantial development project.
Minimum evaluation score required.
Property reassessed after completion.
What expenses are eligible under Tax Increment Equivalent Grant (TIEG) Program?
Substantial rehabilitation projects.
Redevelopment and development projects.
Infill and intensification projects.
Major building upgrades or expansions.
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