Downtown revitalization tax exemption

The Downtown Courtenay Revitalization Tax Exemption Blaw No. 2937 offers property owners a tax exemption as an economic incentive to support downtown development. This program encourages new improvements and revitalization through:

  • Residential development and redevelopment: Increasing downtown population density to support local businesses.
  • Commercial development and redevelopment: Creating a vibrant downtown that attracts new investments and supports residential growth.
  • Strengthening the downtown core: Reinforcing Courtenay’s role as the commercial heart of the Comox Valley.

Amendments to the bylaw are being considered. To learn more, view the April 2, 2025, staff report [PDF - 3 MB].

Applying for a tax exemption

To apply for a downtown revitalization tax exemption, follow these steps:

  1. Review the application form for eligibility criteria and guidelines before you apply.

  2. Complete and submit your application form, along with the application fee and all required documents with your building permit application.

  3. Wait for Council approval: If approved, the City will prepare a tax exemption agreement.

  4. Sign the agreement: You and the City must sign the agreement before the exemption is granted.

  5. Receive your certificate: The City will issue a tax exemption certificate and apply it to your property.