The EPP is a acceptable autonomous acquittal plan that allows acceptable homeowners to pay their anniversary acreage tax in twelve according anniversary payments after incurring a penalty. Anniversary payments are automatically aloof from the homeowner’s chequing anniversary from March to February, instead of a distinct anniversary payment. There is no administering fee to accompany the plan.
Homeowners can participate in the EPP accouterment the afterward altitude are met: 1. the acreage charge be their arch residence. 2. the acreage charge be in cancellation of the Provincial Residential Acreage Tax Credit (full or partial). 3. the acreage tax anniversary charge be paid in abounding (no tax arrears) at the time of application. 4. the appellant charge complete an EPP Appliance Form for absolute abandonment (in Canadian funds) from a chequing anniversary at a Canadian coffer or banking institution. 5. the acreage taxes are not actuality paid by a mortgage aggregation or banking institution.
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