How it's done
The business climate is the general economic environment that local businesses operate in. Reviewing and understanding the local business climate provides valuable insights about the economy, costs, risks, and incentives that may impact the success of your business. This activity will guide you to better understand the business climate in Caledon and help you answer the following fundamental questions.
What is the business climate in Caledon?
We have compiled the most important aspects of Caledon’s business climate as an interactive dashboard below. This dashboard provides valuable economic, resident, household, dwelling and development indicators that may influence the success of your business.
Resident Indicator Population Growth Chart
What costs and assistance should I know about?
Whether you have a new or existing business it is critical to be aware of costs, incentives and grants that impact your business. This dashboard provides you with a snapshot of the major costs of conducting business in Caledon and assistance available to Caledon businesses.
About Your Taxes
The taxes you pay help fund the services provided by the Town of Caledon, the Region of Peel and local School Boards
How are they Calculated?
Property Taxes are based on the assessed value of your property or home. Visit our Property Tax Calculator
For more information on Property Taxes click here
Different fees, charges and securities are required to be submitted to the Town throughout the development process.
- Building Fees: Our By-laws include Building Permit Fees that are required upon submission of a Building Permit Application to the Town of Caledon. These fees are dependent on the type of application
- Planning Fees: Planning fees for various Development Applications are found in the Fees By-law. These fees are dependent on the application type and are required throughout the processing of the application from the initial submission to approval or registration. Click here for more information.
Securities are required by the Town to ensure that site works are completed in accordance with an approval. Securities are posted with the Town when finalizing a building permit (in the case of pools, lot grading, etc.) or when approaching approval of a development application (site plan, plan of subdivision, etc.) For more information, visit our Securities page.
Development Charges are imposed to collect funds for capital works or services resulting from new growth. These charges are payable prior to the issuance of a Building Permit. For more information about By-laws, rates and studies, visit our Development Charges page.
The Town of Caledon collects Cash-in-Lieu of Parkland and Cash-in-Lieu of Parking. Cash-in-Lieu of Parkland is collected prior to the issuance of a Building Permit and is used for maintaining or creating parks and trails across the Town. Cash-in-Lieu of Parking is collected prior to the issuance of a Building Permit within the Bolton Core where sufficient parking cannot be provided. Visit our cash-in-lieu page for more information.
Minimum, median and maximum wage estimates for a range of occupations in the larger Toronto Region are displayed on the Federal Government Job Bank website. The wages are specific to an occupation and provide information on earnings of workers at the regional level. Wages for most occupations are also provided at the national and provincial level. In Canada, all jobs are associated with one specific occupational grouping which is determined by the National Occupational Classification (NOC).
Community Improvement Plans
How does the Town of Caledon’s Community Improvement Plan Financial Incentive Programs work?
Financial Incentive Programs are available to those landowners within the Community Improvement Project Areas that meet the general eligibility requirements. Some projects may be eligible for more than one of the Financial Incentive Programs.
Step 1 | Pre-application consultation - schedule a meeting with the CIP Administrator to review any preliminary plans.
Step 2 | Apply - submit completed application form and required supporting materials such as detailed work plans, cost estimates and contracts, and applicable reports. Upon review and, if approved, an agreement with the Town will be signed and work may begin on your project.
Step 3 | Perform work - obtain all applicable permits from the Town of Caledon during your project. All costs are to be paid by the applicant during this process.
Step 4 | Verify - final supporting documentation to be provided by the applicant. Once all program requirements have been met, payment of the approved grant in accordance with the general and specific program eligibility requirements will be issued.
Call us today for more information ... we're here to help.
Green Development Program
How does the Town of Caledon’s Green Development Program work?
The Town of Caledon’s Green Development Program is voluntary. Our flexible program accommodates a wide range of green building strategies to fit the goals of your commercial or industrial project.
Apply | When you apply for a building permit with the Town of Caledon, fill out the “Application for Development Charge Discount – Green Development”. Remember to include certification/stamp/signature from an architect or engineer that verifies the LEED standard or green technologies to be incorporated. Development charges are paid at the time of building permit issuance – green builders pay the discounted applicable development charge, and provide a Letter of Credit in the amount of the discount.
Build | Obtain all applicable permits from the Town of Caledon during your construction process.
Verify | Within three years of building completion, provide the Town of Caledon with certification/stamp/signature from an architect or engineer that confirms the LEED standard achieved or the green technologies implemented. The Town of Caledon will then release your Letter of Credit.
How do I use this information?
Having access to business climate statistics and information is one thing, but it's quite another to use data effectively and in a way that will benefit your business. This next section will help you do just that. Learn how to use this information to make better business decisions.
Monitor the local business climate
On-going assessment of the business climate is an essential part of operating a competitive business. In any business climate, there are numerous factors outside your control that will impact your business, both positively and negatively. The health of the economy impacts all businesses, but small businesses usually feel the effect of economic changes faster than big businesses. Improvements in the economy typically provide a rapid increase in new opportunities for small businesses, while an economic downturn can have a significant and prolonged negative impact.
Unfortunately, you can’t influence the economy, but you can monitor the business climate indicators provided above and then take the necessary actions to minimize risks to your business. Staying up to date with the business climate can also help you identify new opportunities that your business can take advantage of.
Know your costs
All industries are unique and incur different types of costs when starting or operating. Understanding these costs is essential when it comes to setting prices, budgeting and planning for growth or downturns. We’ve provided some of the local costs associated with taxes, development and labour that often get overlooked by businesses. There may be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.
Where can I learn more about the business climate?
While we are providing you with a range of valuable information about the business climate, the fact is that there's much more available. In this section we provide you with links to other websites that will supplement our information and help to keep your finger on the pulse.
There may also be other municipal and provincial costs that apply to your business so we encourage you to contact us to find out more.
Ontario Chamber of Commerce
Ontario Ministry of Finance