Tax Instalment Prepayment Plan

The Tax Instalment Prepayment Plan (TIPP) automatically deducts the property taxes you owe from your bank account.

The TIPP offers two ways to prepay your taxes:

  • Monthly balance
  • Balance only

The plan helps you pay next year's taxes conveniently. No more forgotten or last-minute payments!

Important note The TIPP can't be used to pay current or overdue taxes, so make sure the tax notice is paid before you join. 

 The TIPP can't be used to pay your Empty Homes Tax (Vacancy Tax).

2018 property tax due dates

Advance taxes:  February 2, 2018

Main taxes: July 4, 2018

Home owner grant: July 4, 2018

Get a reminder

Sign-up for eBilling 

How much do you owe?

Set up an online account. You will need your access code. It can be found on your tax notice.

Log in to your account

Get your property tax account balance. No login or registration required.

Monthly and balance plan

Up to 10 equal monthly instalments are withdrawn from your bank account on the first day of each month, starting in August and ending in May. There's no withdrawal in June.

Any outstanding taxes will be withdrawn on the second day of:

  • February to pay the advance tax notice
  • July to pay the main tax notice

Instalment amount

To estimate the amount:

  1. Take your current year's tax levy.
  2. Subtract the home owner grant amount (if applicable).
  3. Subtract any payments and credits.
  4. Divide by the number of remaining instalments (see the table below under payment dates).


Interest

You receive interest on your monthly payments that's credited to your tax account every month.

The interest rate is either the current Bank of Canada prime business rate minus 3%, or 0.25%, whichever is higher.

The rate is set twice per year before February 1 and August 1.

Your first payment date and number of payments depends on when we get your application.

When we get your application First payment date Number of monthly pre-payments
April to June August 1 10 (August to May)
July September 1 9 (September to May)
August  October 1 8 (October to May)
September  November 1 7 (November to May) 
October  December 1 6 (December to May) 
November to January  March 1 3 (March to May) 
February  April 1 2 (April to May) 
March May 1 1 (May)

Enrolment after August will require your monthly instalments in the first year to increase.

Since the pre-payment 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.

Note Any credits will be used to reduce next year's instalments.

Balance only plan

Two payments are withdrawn from your bank account on the tax due dates, the second business day in:

  • February
  • July

To estimate the February amount:

  1. Take your prior year's tax levy.
  2. Subtract the home owner grant amount (if applicable).
  3. Divide by two.
  4. Subtract any payments and credits.

For the July amount:

  1. Take the current year’s tax levy.
  2. Subtract the February payment amount.
  3. Subtract any payments and credits.
  4. Subtract the home owner grant amount (if applicable).

Your first payment date depends on when we get your application.

When we get your application First payment date
December 24 to May 31 Second business day of July (to pay the main tax notice)
June 1 to December 24  Second business day of February (to pay the advance tax notice)

1. Make sure you qualify

To qualify for the TIPP, you need to:

  1. Have a Canadian dollar chequing account at any Canadian bank
  2. Pay all current and overdue taxes before submitting your application

 Please contact us if you currently pay your taxes through the deferment program or your mortgage.

2. Complete the application form

Download the application

If you can't print the form, come in person to Revenue Services (see location on this page).

3. Send your form and a void cheque

Email, fax, mail, or drop off:

  • Your completed and signed application form
  • A void cheque or a bank-stamped debit authorization form

Note Send them at least 30 days before the start of a payment date.

4. Remember to claim your home owner grant every year

Claim your home owner grant every year that you're eligible before the July due date to avoid a 5 per cent penalty.

Change or cancel the plan, including when selling your property

If you want to:

  • Change your chequing account, instalment amount, or home owner grant eligibility
  • Sell your property
  • Cancel your TIPP

1. Complete the amendment form

Download the amendment form

2. Send your form

Email, fax, mail, or drop-off the following documents:

  • Your completed and signed amendment form
  • A void cheque (if you change your chequing account)
  • A signed letter (if you sell your property and cancel your TIPP)

Note We need 30 days' notice to process your request. Credit balances are non-refundable and non-transferable.

Email: propertytax@vancouver.ca

Fax: 604-873-7051

Drop off in person Mailing address

Ground Floor, City Hall
453 West 12th Ave
Vancouver, BC

Hours
Monday to Friday, 8:30am to 5:00pm

Revenue Services,
City of Vancouver
PO Box 7747
Vancouver, BC V6B 8R1

Missed a payment?

We may charge you an administration fee if you miss a payment for any reason (insufficient funds, closing your account without letting us know – any reason that could result in your payment being returned).

We may also cancel your participation in the Tax Instalment Pre-Payment Plan if you dishonour two consecutive payments.