T.I.P.P. is a monthly tax installment payment plan by which taxpayers may make consecutive monthly payments for taxes rather than a single annual payment.
Many people find it difficult to make a single large tax payment that becomes due once a year.
Monthly installments break this large payment into monthly payments to make budgeting for monthly expenses easier. Payments begin January 1 of the new year and continue each consecutive month until the account is paid in full. Payment amounts will be adjusted in July to compensate for changes in taxes resulting from the annual tax levy. At the time of the annual tax billing you will be notified of the total amount of installments paid to date and the calculation of the new installment amounts for the remaining payments in that year. Payments may only be made by automatic withdrawal from an account with chequing privileges at a financial institution.