Community benefits charges (CBCs) support services associated with intensification, when those costs are not already covered by development charges or parkland dedication. Specifically, it helps pay for City capital investment in services like arts, culture, and parkland.
Municipalities in Ontario can create and collect a community benefits charge (CBC) from developments that are a minimum of five storeys high and have 10 or more residential units.
Our rates were established through the completion of a Community Benefits Charges Strategy. The City’s Community Benefits Charges Bylaw along with the Planning Act provide the rules for collecting CBCs. The rate is limited to 4 per cent of the property’s land value on the day before a building permit is issued for each applicable development and is paid as a one-time fee prior to issuance of a building permit. The following developments are exempt from CBCs:
- Long-term care homes;
- Retirement homes;
- Universities, colleges and Indigenous Institutes;
- Memorial homes, clubhouses or athletic grounds of the Royal Canadian Legion;
- Hospices;
- Non-profit housing.
Resources
Community Benefits Charge Strategy
CBC Appraisal Roster
Community Benefits Charges ByLaw Pamphlet
Community Benefits Charge Bylaw
Financial Reports
For More Information
Email [email protected] or call 519-837-5610 to contact the City’s Finance Department.