Paying your property taxes might not be the most exciting part of homeownership, but it’s one of the most important. These taxes fund essential local services—like schools, emergency services, and road maintenance—and missing payments can lead to serious consequences, including late fees, interest, and even a tax lien on your home.

One smart way to stay on track? Sign up for your municipality’s TIPPS (Tax Installment Payment Plan). Instead of paying a lump sum once or twice a year, TIPPS lets you spread your property taxes out over monthly payments—making budgeting easier and avoiding the stress of large bills.

If your mortgage lender doesn’t collect property taxes on your behalf, enrolling in TIPPS is a simple way to protect your home and avoid penalties. Many cities in Alberta offer this program with automatic withdrawals and no added fees.
Staying on top of property taxes is part of being a smart homeowner.

– Michele McGarvey Team, Dominion Lending Centres