Pre-Payments

Prepaying Taxes

  • Ways to prepay taxes:
        • On-line banking payments (you set up)
        • Pre-Authorized Withdrawal program (PAWS)
        • Post dated cheques
  • Interest is earned on tax account credits 
  • No receipts sent
  • Total Prepayments on your Property Tax Notice itemized as "Prepayments/Adjustments"
  • Overpaying Taxes (a negative amount)  - the credit will carry forward to next years taxes and earn interest
  • The bottom total on the Property Tax Notice is less the prepayments/interest earned and must be paid by the due Date to avoid penalties
  • You decide how much is withdrawn (we can help with an estimate or use the on-line Property Tax Estimator)
  • Set up a MyCity account to view your tax balance as you make payments anytime



 Last day to make changes to PAWS Withdrawal  Payment Date
 June 17, 2019 
  July 2, 2019 (Due Date)                                                                 
 July 19, 2019  Aug 5 2019
 Aug 20 2019  Sept 5 2019
 September 20, 2019  Oct 5 2019
 October 21 2019  Nov 5 2019
 November 20 2019  Dec 5 2019
 December 18, 2019  Jan 5 2020
 Last day to make changes to PAWS Withdrawal  Payment Date
 June 17, 2019 
  July 2, 2019 (Due Date)                                                                 
 July 19, 2019  Aug 5 2019
 Aug 20 2019  Sept 5 2019
 September 20, 2019  Oct 5 2019
 October 21 2019  Nov 5 2019
 November 20 2019  Dec 5 2019
 December 18, 2019  Jan 5 2020

Comparison of Making On-line Banking payments vs PAWS program

  PAWS On-line Banking Payments
Requires Application/Void Cheque to Start Yes No
Frequency of Payments Once a month As often as you choose
Payment Date 5th of the Month Any day
Changing the amount or Stopping a Payment Email or request form must be submitted 10 Business days before next withdrawal Up to the Night before
Payment in June No Yes
Payment/Amount in July Only if signed up for "Due Date" option/amount will be the remaining balance stated on the Tax Notice Yes, any amount
Selling the Property - Canceling Payments Cancellation Form or Email must be submitted 10 business days before next withdrawal Can cancel immediately through your on-line banking
Returned Payment $25.00 Service Charge Bank will not process if funds not available