I don't live in Toronto but I assume that you would delay payment longest and thus maximize HISA interest by paying in 2 installments?? Can anyone confirm this?AnotherDesiredUsername wrote: ↑ If you're on the PTP for your Toronto property taxes, which option (2 Installments, 6 Installments, 11 Installments) did you choose and why? What is the logic behind offering these 3 options. Why did you choose one over the other 3?
minimalist wrote: ↑ I don't live in Toronto but I assume that you would delay payment longest and thus maximize HISA interest by paying in 2 installments?? Can anyone confirm this?
I have a feeling that Toronto will be doing what Vancouver has been doing in a very short time as I am surprised they haven't done it already. Like most large cities in North America, especially those dominated by a certain kind of politics, property taxes have been rising at astronomical rates and are being used as a sure-fire way for governments to EXTRACT money out of taxpayers. Vancouver had close to a 10% increase in property taxes just this year on already high property taxes. And this is after many substantial YOY increases over the past several years. You might want to buckle your seat belt.MagicPants wrote: ↑ Anyone know what happens if you dont pay property tax in toronto ? or if you pay late ?
I feel the property tax is too high in Toronto. We already had to pay a ton in land transfer taxes and other taxes when buying.
https://www.toronto.ca/services-payment ... -payments/MagicPants wrote: ↑ Anyone know what happens if you dont pay property tax in toronto ? or if you pay late ?
Toronto has one of the lowest % property tax rates in Canada.I feel the property tax is too high in Toronto. We already had to pay a ton in land transfer taxes and other taxes when buying.
As it should. Torontonians pay thousands in municipal land transfer tax when they buy, plus the density of the city should in theory reduce the overall cost of services provided per capita.rob444 wrote: ↑ https://www.toronto.ca/services-payment ... -payments/
Toronto has one of the lowest % property tax rates in Canada.
Ha, ha. Torontonians are quite lucky that your taxes have not increased much yet. Hopefully your City Council and staff won't start cranking the mill rate on you. We have been hearing the argument you mention in Vancouver for quite some time as taxes keep shooting higher.
John Tory and gang have hiked up taxes in Toronto big time.. don't kid yourself. I've seen a huge increase the past few years.. no ones complaining cuz their house price keeps going up
Wow, interesting how similar the psychology of people who live in both cities are. Now that Vancouver real estate is dropping, it is interesting to see how many people showed up at City Hall to complain about the 8.3% property tax increase that was being implemented this year. I have a feeling that the people who make these decisions are completely disconnected from the real world as their wages, raises, benefits and job security are completely disconnected from the real world.
Not sure, all I know is that it's there now. Last year I think was last I checked and it was not an option to pay, so they must have added it to payee list somewhat recently.
When you're logged into your Triangle/CTFS mastercard account, just go to "Payments" and then "Pay Bills" to set up payees and do the payments.