Development Incentives
New Development Incentive Aims to Spark Commercial and Residential Growth in Prince Albert
A new tax incentive program is now available for developers building new commercial or multi-unit residential projects in Prince Albert. The program, approved by City Council on July 21, 2025, offers a declining scale tax abatement over four years and applies to new construction projects approved after that date.
Under this program, qualifying developments will receive:
- 70% municipal tax abatement in the first year after construction is completed
- 50% abatement in the second year
- 30% abatement in the third year
- 15% abatement in the fourth year
- Full taxation by the fifth year
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