Instalment Payments

In accordance with changes to the Development Charges Act, 1997, some developments are eligible for development charges to be paid in equal instalments.  

The owner/developer would be required to sign a Development Charges Instalment Payment Plan Agreement for agreement of DC’s owing and required instalment payment plan.

Eligible developments and instalment payment plan:

a) Institutional development (6 equal instalments over 5 years)

-    Long term care homes under Long Term Care Homes Act 2007
-    Retirement homes under Retirement Homes Act 2010
-    Post-secondary institutions
-    Royal Canadian Legion memorial home, clubhouse or athletic groups
-    Hospices to provide end of life care

b) Rental (6 equal instalments over 5 years)

-    Buildings with four or more dwelling units and intended for use as rented residential premises.

Equal instalments would start at the earliest of:
 - Date of occupancy or approval of occupancy under the building permit
 - Date of building is first occupied 
 - and then subsequent payments on annual anniversaries of that date.

The onus is on the owner/developer to notify the City of occupancy. If notification is not provided to the City within 5 days, it may result in loss of instalment payment plan and result in payment of DC’s in full immediately.