Toronto’s Imagination, Manufacturing, Innovation and Technology (IMIT) business incentive helps to reduce business costs. The IMIT Program was approved unanimously by Toronto City Council and supports new building construction and/or building expansion in targeted sectors and areas across the city.

Eligible developments will benefit from a grant of 60% of the increase in the municipal taxes attributable to the eligible development over a 10-year period.

The incentive level for construction of new buildings or substantial renovation of existing buildings in Employment Districts and other designated Employment Areas (shown on Map 2 and Maps 13–23, Areas A-K of the Toronto Official Plan) has been increased to 70% of the increase in the municipal taxes attributable to eligible commercial and industrial construction over a 10-year period. When part of a combined Brownfield Remediation Tax Assistance (BRTA) application the incentive increases to 77%.