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Business tax penalties and service charges

Business tax late payment penalties

Current taxes: taxes levied in the current calendar year

Tax arrears: outstanding unpaid taxes and penalties from prior years

In accordance with the Business Tax Bylaw, the penalties for late payment are:

  • On April 1, a penalty of 7% of the unpaid current taxes will be added to the balance.
  • On July 1, an additional penalty of 7% of the unpaid current taxes will be added to the balance.
  • Starting January 1, a penalty of 1% of any unpaid taxes from previous years (tax arrears) is added on the first day of each month.

Business tax service charges

  • If your bank does not honour your cheque or Business Tax Instalment Payment Plan (BTIPP) instalment, a service charge of $25 will be added to your account.
  • If you are paying for more than one business tax account with a single cheque or BTIPP instalment and your payment is not honoured by your bank, an additional service charge of $7.50 will be added to each business tax account affected by the non-payment.
  • Service charges are subject to change.

Penalties are added to your tax account if a returned cheque results in taxes not being paid by the due date. ​