The Tax Instalment Pre-payment Plan (TIPP) automatically deducts the property taxes you owe from your bank account.
The TIPP offers two ways to pre-pay your taxes:
The plan helps you pay next year's taxes conveniently. No more forgotten or last-minute payments!
The TIPP can't be used to pay current or overdue taxes, so make sure the tax notice is paid before you join.
Advance taxes: Thursday, February 2
Main taxes: Wednesday, July 5
Home owner grant: Wednesday, July 5
Get your account balance. No login or registration required.
Set up an online account. You will need your access code. It can be found on your tax notice.
Up to 10 equal monthly instalments are withdrawn from your bank account on the first day of each month, starting in August and ending in May.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Any outstanding taxes will be withdrawn on the second day of:
To estimate the amount:
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.
Any credits will be used to reduce next year's instalments.
Two payments are withdrawn from your bank account on the tax due dates, the second business day in:
To estimate the February amount:
For the July amount:
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)|
To qualify for the TIPP, you need to:
Please contact us if you currently pay your taxes through the deferment program or your mortgage.
If you can't print the form, come in person to Revenue Services (see location on this page).
Email, fax, mail, or drop off:
Send them at least 30 days before the start of a payment date.
Claim your home owner grant every year that you're eligible before the July due date to avoid a 5 per cent penalty.
If you want to:
Email, fax, mail, or drop-off the following documents:
We need 30 days' notice to process your request. Credit balances are non-refundable and non-transferable.
|Drop off in person||Mailing address|
Ground Floor, City Hall
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.