BIA tax: penalties and service charges

Current tax: tax levied in the current calendar year

Tax arrears: outstanding unpaid tax and penalties from prior years

In accordance with the Business Improvement Area (BIA) Tax Bylaw, the penalties for late payment are:

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

If your bank does not honour your cheque:

• the payment will be removed from your account,
• a service charge of $35 will be added,
• if you are paying for more than one BIA tax account with a single cheque, an additional service charge of $10 will be added to each BIA tax account affected by the non-payment,
• a statement of account will be mailed advising you of the returned payment and applicable service charge(s), and
• penalties will continue to be added in accordance with the Business Improvement Area (BIA) Tax Bylaw.

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.

If you are paying your BIA tax using the Business Tax Instalment Payment Plan (BTIPP), see BTIPP – Non-payment and service charges.​​​​​​​​​​​​​​​​​​