Property taxes are calculated annually, but not always paid annually. Since each town and city is free to set their own rules regarding property taxes, you’ll find many different situations across Canada.
Often, you will need to pay your property taxes just once each year. This is the case, for example, in Calgary (and many other cities).
Other cities bill property taxes multiple times each year. While the total owed is still based on a yearly calculation, you’ll need to send payment more than once each year. For example, Vancouver property taxes are due twice each year. In Toronto, property taxes are normally paid three times annually. But, the city also offers installment plans in which owners can choose to pay twice, six times, or 11 times throughout the year.