Important Information Regarding the Pre-Authorized Chequing (Payment) Plan
Pre-Authorized Payment Plans
provide a convenient and easy payment method which assists you with your budget, saves on
postage and eliminates late payment charges.
Who can sign up?
All Waterloo taxpayers are eligible to enroll in one of the following pre-authorized payment plans:
12-Month Plan
Any outstanding balance must be paid in full prior to enrollment in the 12-Month Plan. Payments will be deducted from your bank account on
the first or fifteenth of each month. The 12-Month Plan runs from January to December. The first six monthly installments are based on the
prior year annualized taxes. After the tax rate has been established, your monthly payments will be adjusted to reflect the balance of taxes
owing. Each year the final property tax bill will provide a schedule of payments that have been and will be withdrawn from your bank
account. The deadline for making a pre-authorized monthly payment plan application for the current year is September 15. All applications
received after that date will be processed for the following year. Any outstanding balance on the account as of November 15 will be included
in your December withdrawal.
Due Date Plan
Any outstanding balance must be paid in full prior to enrollment in the Due Date Plan. Tax bills are sent out twice a year (Interim and Final
tax bill) and withdrawals are automatically made from your financial institution on the scheduled tax payment due dates.
Arrears Plan
The Arrears Plan is offered for property tax accounts in arrears but not for those accounts where Tax Arrears Certificate is registered against
the property. Penalties and interest on taxes in arrears shall be 1.25% per month (15% per annum) imposed on the first day of default and
on the first day of each calendar month thereafter in which the default continues. Payment will be withdrawn on the first day of the month.
City of Waterloo reserves the right to review payments and stop or amend the plan at any time. Any changes will be communicated to you.
Signing Up
To enroll in the Pre-Authorized Payment Plan, follow these simple steps:
1.
Complete the attached form with all required information.
2.
Sign the form.
3.
Enclose a void cheque or a form from your bank encoded with your bank transit number, bank number and account
number.
4.
Mail, email or fax your application and a void cheque or bank form to:
City of Waterloo, Revenue Services, 100 Regina St S, PO Box 337 STN Waterloo, ON N2J 4A8
Email: preauthorized@waterloo.ca / Fax: 519-747-8760
All applications, written changes and cancellation requests must be received 30 days before the next payment date.
For any payment not cleared by our bank there will be a service charge plus applicable penalty. If a bank payment is returned
twice during any taxation year, enrolment in the Pre-Authorized Payment Plan will be terminated.
Questions and Answers
Can I sign up for Pre-Authorized payments if my property is not fully assessed?
Yes, you can sign-up for Pre-Authorized payments even if your property is assessed for land value only. Please note that when you
receive the supplementary tax bill/s, those will not be paid from your financial institution account. Payment for supplementary tax bills
may be made through online or mobile banking, by mail or in person and must be received by the due date indicated on the bill.
Do I have to sign up each year?
Once you have enrolled in the program and your account is in good standing, you are automatically enrolled for subsequent years.
What if I own more than one property in Waterloo?
If you own more than one property in the city, you must complete one application per property.
What if I move within the City of Waterloo?
If you are moving within the City of Waterloo, the Pre-Authorized Payment Plan is not transferable. You must cancel your enrolment on your
current property and complete an application form for your new property.
You may download the PAP Application Form by visiting waterloo.ca/taxpayment.
For questions or concerns please contact Revenue Services Telephone: 519-747-8718 or E-mail: preauthorized@waterloo.ca.