Tax Instalment Pre-Payment Plan

The Tax Instalment Pre-payment Plan (TIPP) automatically deducts the property taxes owing from your bank account so you don't have to remember to pay for your taxes—just be sure to claim your grant each year for which you are eligible.

  1. TIPP is convenient - no more last-minute rushes to pay taxes or forgetting to pay bills
  2. Earn interest on the monthly prepayment option
  3. It's easy to start - complete the application form and enclose a VOID cheque (drawn on a Canadian funds chequing account)
  4. Claim your Home Owner Grant electronically each year
  5. 30 days written notice required to submit an application or cancel an authorization
  6. New applicants must submit authorization 30 days prior to the next prepayment date.

TIPP offers two options on how to pay City of Vancouver property taxes for the upcoming tax year. TIPP cannot be used to pay taxes that are past due or outstanding.

Option One: Monthly prepayments and withdrawal of the balance on tax due dates

Up to ten (10) equal monthly instalments are withdrawn from your bank account on the first business day of each and every month, starting in August and ending in May. Enrollment after August will require you to remit the missed payments (from August to time of application) or increase the monthly instalment amount or pay the balance due on the due date.

The monthly instalment amount is calculated based on your current year's tax levy, net of the Home Owner Grant (as indicated by you on your application), divided by ten (if started in August).

Since the prepayment amount is based on the prior year's property taxes, additional withdrawals on the due date may be necessary in February and/or July to cover any outstanding balances.

Option Two: Pre-authorized withdrawal on each tax due date

Arrange to pay your property taxes on the due dates through an automatic withdrawal from your bank account.

The tax balance is withdrawn from your bank account on the due date (2nd business day of February and 2nd business day of July) each year.

The July withdrawal is calculated net of the Home Owner Grant (as indicated by you on your application).

Click here: Download a printable application to join TIPP