Tax Installment Payment Program (TIPP)
TIPP is a Tax Installment Payment Plan by which taxpayers make consecutive monthly payments for taxes. Payments may ONLY be made by automatic withdrawal from a bank chequing account.
To Join TIPP You Need to:
1. Speak to the city or town about applying for their Tax Installment Payment Plan.
2. If in Calgary, you can call 311 or visit the city of Calgary website here.
Line of Credit and Power Line accounts CANNOT be used.
If you pay Principal Interest and Taxes (PIT) to a mortgage company you must contact them prior to joining TIPP.
Bank Prime Rate: 3.20%
Better rates mean better mortgages. Taking the time to find your mortgage.
October 17, 2017
Best Rate - 1 year: 3.04%
> Limited Rate: 2.15%
> 30 year amortization maximum
> 15% lump sum payments allowed.
> 15% increase to regular payments.
> Insured Only
> 20% lump sum payments allowed.
> 20% increase to regular payments.
Best Rate - 2 year: 2.84%
> Limited Rate: 2.49%
> 30 year amortization allowed
> High Ratio Only
Best Rate - 3 year: 3.09%
> Limited Rate: 2.69%
> 30 year amortization maximum.
> 15% / 15%+ prepayment options.
> No Rentals or pre-approvals
> High Ratio Purchase or Switch Only (CG & CMHC)
> 20% / 20%+ prepayment options.
> Must close in 40 days
Best Rate - 4 year: 3.19%
> Limited Rate: 2.89%
Best Rate - 5 year: 3.29%
> Limited Rate: 2.84%
> 30yr Amortization Allowed
> 15% lump sum payments allowed
> 15% increase to regular payments
> Pre-Approvals at 2.74%
> High Ratio Purchase and Transfer > Only (CG & CMHC)
> 20%/20% lump sum payment options
> Must close in 80 days
● Year 3.99%
> 15%+ lump sum payments allowed.
> 15%+ increase to regular payments.
Variable Mortgages - Closed
Everyday Rate: 2.70%
Limited Rate: 2.15%
Variable Mortgages - Open
Everyday Rate: 3.70%
Limited Rate: --
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