Enhanced IMIT Business Incentive
Toronto's Imagination, Manufacturing, Innovation and Technology (IMIT) business incentive has recently been reviewed and amended to increase the incentive level for eligible applicants constructing new buildings or substantially renovating existing buildings in Employment Districts. In addition, the changes to the program have expanded eligibility for the IMIT incentive for select development projects. IMIT provides tax incentives to encourage the renovation or construction of buildings in targeted sectors, and brownfield remediation for non-retail employment uses throughout the City by way of development grants or tax cancellation.
Click here to learn more about the updates to the IMIT incentive program and how it can benefit your business.
Quote from IMF
The head of the International Monetary Fund says measures taken to protect Canada's economy should be a model for countries trying to fix their financial systems.
"Abroad, Canada is identified by its values of co-ordination and consensus building, which have given your country influence beyond its years. Building a safe and stable financial system is in the best interests of the global community, but it also serves the self-interest of nations."
Christine Lagarde, Managing Director, International Monetary Fund (IMF), 2012.