New postponement of the 2nd installment of municipal taxes

Nouveau report du 2e versement de taxes municipales

The owners of commercial and residential buildings of Montreal will now have until 1 September to pay their second instalment of municipal taxes.

The date is usually June 1 had already been postponed to July 2, due to the economic difficulties caused by the pandemic. Two additional months are now granted, as announced this morning by the City of Montreal.

“I asked our teams to return all the stones to allow us to offer this additional time to owners from montreal. This initiative represents a major effort of nearly$ 2 billion for the cash of the City for 3 months, but it is the right thing to do given the difficult times we are going through collectively,” said Benoit Dorais, chairman of the executive committee.

Last week, the city Council, the directors Plant was opposed to a deferral of the last payment of taxes at least September, arguing that the City did not have the means to do so. Such a report was claimed by the opposition party, All Montreal.

A report of the expert committee advising the administration on the economic recovery of Montreal recommended yesterday, inter alia, to consider the possibility of extending the easing or deferrals of property taxes.

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