CMLS | Canada's Mortgage Company

This calculator is a tool designed to help you estimate the monthly property taxes as well as determine if there will be any holdback amounts due at closing.

Tax Amount Details

Property Location
IAD Month
Prior year's estimated annual gross property taxes
$ 

Holdback and Payment Calculation

Property tax bills available at the location
First tax bill type responsible by CMLS
Estimated annual gross property taxes to be paid by CMLS
$ 
Estimated first tax bill amount to be paid by CMLS
$ 
Monthly property tax component on mortgage
$ 
Property tax holdback at closing
$ 

Mortgage Payment = principal + interest + property taxes
Interim Taxes only apply to Ontario and Vancouver residents
Monthly Property Tax Component = This is an estimate only. The actual property tax amount will be listed on the "Realty Tax Form" which will be signed at the solicitor's office prior to funding.

This calculator is for estimation purposes only, final values will be provided by CMLS.