Tax Incentives and Building Grants

Invest Bonnyville

Where opportunity meets home

Bonnyville is making it easier to build and grow! Take advantage of incredible residential tax incentives and housing grants designed to create vibrant neighbourhoods and sustainable growth.

The Town of Bonnyville is committed to fostering residential development through two forward-thinking programs: the Residential Tax Incentive Bylaw and the Build Bonnyville New Housing Incentive Grant. The Residential Tax Incentive Bylaw provides significant tax exemptions for new and renovated homes, encouraging homeowners and builders to invest in their properties. Meanwhile, the Build Bonnyville New Housing Incentive Grant offers financial support of up to $25,000 for developing single-family homes, designed to stimulate construction on vacant lots. Together, these programs aim to enhance the quality of life, attract new residents, and create a thriving community in Bonnyville.

Residential Tax Incentive Bylaw

Up to 3 years tax free with incentives all the way to year 5!
Transform your residential property and save on taxes! Take advantage of Bonnyville’s Residential Tax Incentive Program and enjoy up to five years of reduced municipal taxes on new or improved homes.

Purpose

  • Encourages residential development and revitalization to expand housing options and grow the property tax base.
  • Provides municipal tax exemptions for new developments or renovations to existing properties that increase their assessed value.

Tax Incentives

  • Duration: The program runs from January 1, 2025, to December 31, 2032.
  • Exemptions:
    • Years 1-3: 100% exemption on municipal property tax increases due to new or renovated developments.
    • Year 4: 75% exemption.
    • Year 5: 50% exemption.
  • Applies only to the municipal portion of property taxes, excluding requisitioned taxes like education levies.

Eligibility

  • The property must be within Bonnyville’s geographic boundaries.
  • Eligible properties must see an increase in assessed value of at least $25,000 due to development.
  • All taxes, fees, and utilities must be up to date, with no legal disputes with the Town.
  • Construction must be completed, inspected, and approved before eligibility is confirmed.

Application Process

  • New Developments: Construction of new residential buildings.
  • Renovated Developments: Additions or improvements to existing residential properties that meet assessment increase criteria.

New Housing Incentive Grant

Development Types Covered

  • Applicants must submit a complete application along with a $100 fee by October 1 of the year prior to the exemption period.
  • Documentation required includes building permits, tax assessment notices, and proof of ownership

Conditions for Exemption

  • An exemption agreement must be signed between the property owner and the Town.
  • Non-compliance or cancellation of the agreement may result in repayment of any received exemptions.

New Housing Incentive Grant

Up to $25,000 to build in Bonnyville
Build in Bonnyville and receive up to $25,000 with the Build Bonnyville – New Housing Incentive Grant! Apply today to take advantage of this limited-time opportunity to grow your future in our vibrant community.

Purpose

  • Encourages the development of new single-family residential housing on vacant lots within Bonnyville.
  • Supports homeowners and developers to grow the property tax base and address housing needs.

Grant Amounts & Payments

  • Homeowners Building for Personal Use: Total grant of $25,000, paid in stages:
    • $5,000 upon completion of the foundation.
    • $7,500 upon completion of framing.
    • $12,500 upon issuance of the occupancy permit.
  • Developers Building for Sale: Total grant of $25,000, paid in a single installment upon foundation completion.

Eligibility

  • Eligible Properties: Vacant lots zoned as R1, R2, A2A, and R2B in the Town of Bonnyville.
  • Applicants must:
    • Be the registered owner of the property.
    • Have no outstanding debts, taxes, or legal disputes with the Town.
    • Obtain all required Municipal, Provincial, and Federal approvals.

Program Limitations

  • The program is available until December 31, 2025, or until the $500,000 fund cap is reached.
  • Each eligible property can receive the grant only once.

Application Process

  • Applicants must submit a complete application along with a $100 application fee.
  • Applications are processed on a first-come, first-served basis.
  • The Town may request additional documents or information as needed.

Conditions for Exemption

  • Grant recipients must submit a final report within three months of receiving the occupancy permit, including a project summary and photos.
  • Failure to comply with reporting requirements may result in suspension from future applications.

Ready to invest in your future? Contact us today to learn how these incentives can take your dreams north of expected!

get in touch with usget in touch with us
Bonnyville - North of Expected

North of Expected

Bonnyville is more than a place to live—it’s a community built on opportunity, growth, and connection. Beyond its innovative housing programs, Bonnyville offers a quality of life that attracts families, professionals, and retirees alike. From its vibrant local economy to a wealth of recreational and cultural amenities, Bonnyville is the ideal place to call home.

  • Thriving Local Economy
    A hub for oil and gas, agriculture, and retail, Bonnyville supports diverse industries and career opportunities.

  • Recreational Paradise
    Enjoy outdoor activities year-round, from fishing and boating to hiking and winter sports, all within a beautiful natural setting.

  • Family-Friendly Amenities
    Bonnyville boasts excellent schools, sports facilities, and cultural programs, making it perfect for families.

  • Connected and Accessible
    Located in Alberta’s Lakeland region, Bonnyville offers easy access to larger urban centres while maintaining its small-town charm.

Invest Bonnyville

Where opportunity meets home

Bonnyville is making it easier to build and grow! Take advantage of incredible residential tax incentives and housing grants designed to create vibrant neighbourhoods and sustainable growth.

The Town of Bonnyville is committed to fostering residential development through two forward-thinking programs: the Residential Tax Incentive Bylaw and the Build Bonnyville New Housing Incentive Grant. The Residential Tax Incentive Bylaw provides significant tax exemptions for new and renovated homes, encouraging homeowners and builders to invest in their properties. Meanwhile, the Build Bonnyville New Housing Incentive Grant offers financial support of up to $25,000 for developing single-family homes, designed to stimulate construction on vacant lots. Together, these programs aim to enhance the quality of life, attract new residents, and create a thriving community in Bonnyville.

Residential Tax Incentive Bylaw

Up to 3 years tax free with incentives all the way to year 5!
Transform your residential property and save on taxes! Take advantage of Bonnyville’s Residential Tax Incentive Program and enjoy up to five years of reduced municipal taxes on new or improved homes.

  • Encourages residential development and revitalization to expand housing options and grow the property tax base.
  • Provides municipal tax exemptions for new developments or renovations to existing properties that increase their assessed value.

Tax Incentives

  • Duration: The program runs from January 1, 2025, to December 31, 2032.
  • Exemptions:
    • Years 1-3: 100% exemption on municipal property tax increases due to new or renovated developments.
    • Year 4: 75% exemption.
    • Year 5: 50% exemption.
  • Applies only to the municipal portion of property taxes, excluding requisitioned taxes like education levies.

 

Eligibility

  • The property must be within Bonnyville’s geographic boundaries.
  • Eligible properties must see an increase in assessed value of at least $25,000 due to development.
  • All taxes, fees, and utilities must be up to date, with no legal disputes with the Town.
  • Construction must be completed, inspected, and approved before eligibility is confirmed.

  • Applicants must submit a complete application along with a $100 fee by October 1 of the year prior to the exemption period.
  • Documentation required includes building permits, tax assessment notices, and proof of ownership

  • An exemption agreement must be signed between the property owner and the Town.
  • Non-compliance or cancellation of the agreement may result in repayment of any received exemptions.

New Housing Incentive Grant

Up to $25,000 to build in Bonnyville
Build in Bonnyville and receive up to $25,000 with the Build Bonnyville – New Housing Incentive Grant! Apply today to take advantage of this limited-time opportunity to grow your future in our vibrant community.

  • Encourages the development of new single-family residential housing on vacant lots within Bonnyville.
  • Supports homeowners and developers to grow the property tax base and address housing needs.

 

  • Homeowners Building for Personal Use: Total grant of $25,000, paid in stages:
    • $5,000 upon completion of the foundation.
    • $7,500 upon completion of framing.
    • $12,500 upon issuance of the occupancy permit.
  • Developers Building for Sale: Total grant of $25,000, paid in a single installment upon foundation completion.

  • Eligible Properties: Vacant lots zoned as R1, R2, A2A, and R2B in the Town of Bonnyville.
  • Applicants must:
    • Be the registered owner of the property.
    • Have no outstanding debts, taxes, or legal disputes with the Town.
    • Obtain all required Municipal, Provincial, and Federal approvals.

  • The program is available until December 31, 2025, or until the $500,000 fund cap is reached.
  • Each eligible property can receive the grant only once.

  • Applicants must submit a complete application along with a $100 application fee.
  • Applications are processed on a first-come, first-served basis.
  • The Town may request additional documents or information as needed.

  • Grant recipients must submit a final report within three months of receiving the occupancy permit, including a project summary and photos.
  • Failure to comply with reporting requirements may result in suspension from future applications.

Ready to invest in your future? Contact us today to learn how these incentives can take your dreams north of expected!

get in touch with usget in touch with us
Bonnyville - North of Expected

North of Expected

Bonnyville is more than a place to live—it’s a community built on opportunity, growth, and connection. Beyond its innovative housing programs, Bonnyville offers a quality of life that attracts families, professionals, and retirees alike. From its vibrant local economy to a wealth of recreational and cultural amenities, Bonnyville is the ideal place to call home.

  • Thriving Local Economy
    A hub for oil and gas, agriculture, and retail, Bonnyville supports diverse industries and career opportunities.

  • Recreational Paradise
    Enjoy outdoor activities year-round, from fishing and boating to hiking and winter sports, all within a beautiful natural setting.

  • Family-Friendly Amenities
    Bonnyville boasts excellent schools, sports facilities, and cultural programs, making it perfect for families.

  • Connected and Accessible
    Located in Alberta’s Lakeland region, Bonnyville offers easy access to larger urban centres while maintaining its small-town charm.