Tax Installment Payment Plan (TIPP)

The Tax Installment Payment Plan (TIPP) is a popular program which allows you to pay your property taxes on a monthly basis instead of one payment. Your payment automatically comes out of your chequing account the 15th day of every month, making budgeting easier and helping you avoid the risk of a penalty.

How TIPP Works

Each year property taxes are billed in May, due August 31 and cover the period from January 1 to December 31. If you pay through TIPP you don't need to worry about the payment deadline or late payment penalties. Your taxes are spread over 12 months, starting January 15, with your account being paid in full after your December 15 installment.

Your installment amount is calculated by dividing your most recent annual tax levy by 12. This amount is paid through automated withdrawals from your bank account the 15th day of each month from January to June. When you receive your annual tax bill in May your installment will be adjusted to reflect the actual tax levy, ensuring your account is paid in full by year end.

Shown on Your Tax Bill

  • The TIPP credit-to-date (reflects TIPP payments processed from January - May)
  • The total tax levy (reflects total taxes for the current year - January 1 to December 31)
  • The balance owing (reflects TIPP payments to be made from June to December)
  • The new TIPP payment amount starting June 15.

At Year-End

  • All installment amounts are reviewed in December to ensure a 0 balance.
  • TIPP automatically continues from year to year as long all TIPP payments are paid up to date.
  • All installment amounts are recalculated for January 1 (this amount reflects the previous years annual taxes divided by 12).
  • All TIPP customers receive a letter in January informing them what the new TIPP payment amount will be for January 15th.

How to Join TIPP

To join the TIPP you need to:

  • Complete and return your TIPP Application Form no later than the return by date shown.
  • Agree to the terms and conditions of the plan.
  • Include a void cheque and make your applicable initial payment by the return by date.

If you own more than one property you must complete an application of each location. We only require one void cheque if all payments are to be withdrawn from the same bank account.

How to Cancel TIPP\Change Banking Information

To cancel your enrollment in TIPP or change your banking information, please use Tax Installment Payment Plan Form:

  • Select - TIPP Cancellation Form from the drop down menu - to cancel your enrollment in TIPP, or 
  • Select - TIPP Change of Banking Information Form from the drop down menu - to update you banking information