Iqaluit city council approves property tax extension
New deadline is May 31
Iqaluit ratepayers and businesses are getting a two-month extension to pay the first installment of their property taxes this year, as a response to the ongoing COVID-19 crisis.
Following a decision by city council on Monday, April 6, taxes that were previously due on March 31 will now be due on May 31.
That means that both the first and second instalments of tax payments will need to be paid by the new due date to avoid interest charges for this period.
“With people being laid off and companies not being able to make money to pay the taxes, we just wanted to give everyone a bit of a break for this period,” said Mayor Kenny Bell.
“We are here to help them get through this thing together.”
According to the City of Iqaluit’s chief administrative officer, Amy Elgersma, property tax accounts will be adjusted as necessary to reflect these relief measures.
While other property tax payments are still due on their specified dates, Bell said he understands that the pandemic is ongoing and that the city will adapt as needed.
“If it does take longer than two months, we will revisit it.”