Peel office incentives remain open until June 30, 2031, giving eligible developers more time to seek tax-related support for new office space. The extended application window does not mean a project has received funding or permission to build.
Regional Council’s June 25 minutes record approval of the extension from December 31, 2026, under resolution 2026-521. The renewal passed through the consent agenda.
The Region’s current programme overview confirms the new deadline. Peel works with Brampton, Caledon and Mississauga to encourage major office development through tax increment equivalent grants, commonly called TIEGs.
How Peel office incentives work
These grants reimburse a portion of the increase in Regional property taxes associated with development. The amount depends on the property’s reassessment, so the programme is not a fixed cheque for every qualifying building.
Peel’s detailed guidance says its grant matches the local municipal incentive’s percentage and duration within limits: a starting percentage no higher than 100 per cent, a decline of at least seven per cent each year and a maximum ten-year term.
The project must be within a designated local Community Improvement Area. The office threshold is 20,000 square feet, or approximately 1,858 square metres. New construction and conversions of non-office buildings can qualify where increased property taxes would apply. In a mixed-use building, only the eligible new office component is covered.
Apply before the building permit is issued
By-law 40-2026 retains an important timing condition: applications must arrive before building permit issuance. Developments that already have a permit are ineligible under that provision.
Peel advises contacting the relevant municipality about its Community Improvement Plan requirements and applying before seeking the permit.
The published process moves from application and eligibility review through development review and agreements to post-construction tax grants. Final agreements follow the post-construction assessment, with the Region’s grant going through the local municipality to the applicant.
Peel office incentives still require an eligible project; the extended deadline does not establish qualification.
AI-generated conceptual illustration; the model office, folder and calculator do not depict an actual development, grant recipient or official assessment records.
