# Fall 2026 Dates for Burlington Homeowners | ReverseMortgageBurlington.ca

> Fall 2026 dates Burlington homeowners should know: two Bank of Canada decisions, the $575 seniors tax deadline and the January tax bill. No sales pressure.

URL: https://reversemortgageburlington.ca/blog/fall-2026-dates-burlington-homeowners/

Dates to know

# Fall 2026 Dates for Burlington Homeowners: Taxes, Rates, Deadlines

Two rate decisions, a December 31 deadline worth $575 and the first tax bill of 2027, in date order.

Published by Dominion Lending Centres Homestead Financial on October 15, 2026.

[ReverseMortgageBurlington.ca](/) has gathered the fall 2026 dates Burlington homeowners over 64 should mark between now and early 2027. Each one below comes from the Bank of Canada, the City of Burlington, Halton Region or the Province of Ontario. Some cost money if missed, and one is worth $575 a year to qualifying seniors.

| Date | What happens | Who it matters to |
| --- | --- | --- |
| October 28, 2026 | Bank of Canada rate decision | Anyone with a HELOC or variable rate |
| December 9, 2026 | Bank of Canada rate decision | Same as above |
| December 31, 2026 | Deadline for the City’s $575 reduction | Owners 65+ on the Guaranteed Income Supplement |
| December 31, 2026 | Age 64 cut-off for Ontario’s grant | Owners turning 64 this year |
| January 2027 | 2027 interim tax bill | Every Burlington owner |
| Spring 2027 | New Halton deferral form expected | Owners 65+ with income under $69,500 |

## October 28 and December 9: Bank of Canada rate decisions

The Bank of Canada announces its next two rate decisions on October 28 and December 9, 2026, at 9:45 a.m. Eastern ([Bank of Canada](https://www.bankofcanada.ca/press/upcoming-events/)). The Bank held its rate at 2.25% on September 2, 2026 ([Bank of Canada press release](https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/)).

These decisions move prime, and prime moves the rate on a HELOC (home equity line of credit) and on variable-rate loans. If you carry a HELOC balance, your payment can change soon after either date.

Reverse mortgage rates are set by each lender. The advertised 5-year fixed rates of the four lenders ran from 6.23% to 6.94%, checked September 17, 2026. The [reverse mortgage cost guide for Burlington](/guide/reverse-mortgage-cost-burlington/) explains the interest and the one-time costs.

## December 31: deadline for the City’s $575 seniors reduction

December 31, 2026 is the last day to apply for the City of Burlington’s $575 property tax reduction for the 2026 tax year. It is for owners 65 or older who receive the Guaranteed Income Supplement, and for owners on ODSP income support ([City of Burlington](https://www.burlington.ca/en/property-taxes/low-income-seniors-property-tax-rebate.aspx)).

You must reapply every year, even if you received it last year. The City reviews 2026 applications from October to December.

You can apply online, by email, by mail or in person at Service Burlington in City Hall. You need proof of the Guaranteed Income Supplement, such as last year’s T4A(OAS) slip or your entitlement letter, and your 2026 taxes must be paid in full.

The other conditions, and how this reduction fits with Halton’s and Ontario’s programs, are in the guide to [Burlington property tax for seniors](/guide/burlington-property-tax-seniors/).

## December 31: the age cut-off for Ontario’s senior grant

December 31 also matters if you turn 64 this year. To qualify for Ontario’s Senior Homeowners’ Property Tax Grant, worth up to $500 a year, you must have been 64 or older on December 31 of the year before you claim ([Ontario](https://www.ontario.ca/page/senior-homeowners-property-tax-grant)).

The claim goes on the ON-BEN form, which you send in with the 2026 tax return you file next spring. The full grant goes to singles with adjusted family net income up to $35,000 and couples up to $45,000.

## January 2027: the interim tax bill

The City of Burlington produces the 2027 interim tax bill in January. It equals half of your 2026 taxes and is due in two instalments, typically in the third weeks of February and April ([City of Burlington](https://www.burlington.ca/en/property-taxes/paying-property-taxes.aspx)). The exact 2027 due dates will be printed on the bill.

Late payments cost 1.25% on the first day, then 1.25% at the end of each month the amount stays unpaid. That is about 15% a year.

If larger lump sums are hard, the City’s 10-month pre-authorized plan takes equal withdrawals from January to October, with no penalty or interest on the plan ([City of Burlington](https://www.burlington.ca/en/property-taxes/pre-authorized-tax-payment-plans.aspx)).

## Spring 2027: Halton’s next deferral application

Halton Region’s Older Adults Property Tax Deferral has closed for 2026, and Halton expects a new application form in spring 2027 ([Halton Region](https://www.halton.ca/the-region/finance-and-transparency/property-taxes/older-adults-property-tax-deferral-program)). It postpones the whole yearly tax bill, interest free, for owners 65 and older with combined income under $69,500.

Renewals for people already in the program were due September 30, 2026. If you missed it, a one-year grace period keeps your taxes deferred interest free.

The deferral and a reverse mortgage cannot run at the same time, so it is one route or the other. The guide to the [Halton property tax deferral](/guide/halton-property-tax-deferral/) compares the two. Current values are in the guide to [Burlington home prices](/guide/burlington-home-prices/), and the [Burlington reverse mortgage calculator](/tools/reverse-mortgage-calculator-burlington/) shows the most you could get at your age and how your home’s value, the loan and your equity could change over 15 years.

## Read next

-   [Burlington Property Tax for Seniors: What Helps in 2026](/guide/burlington-property-tax-seniors/)
-   [Halton Property Tax Deferral or a Reverse Mortgage: Which Fits?](/guide/halton-property-tax-deferral/)
-   [What does a reverse mortgage cost in Burlington?](/guide/reverse-mortgage-cost-burlington/)
-   [What are Burlington home prices in 2026?](/guide/burlington-home-prices/)

## Sources

1.  [Bank of Canada: Upcoming events (interest rate announcements October 28 and December 9, 2026)](https://www.bankofcanada.ca/press/upcoming-events/)
2.  [Bank of Canada: Bank of Canada maintains the policy rate at 2¼% (press release, September 2, 2026)](https://www.bankofcanada.ca/2026/09/fad-press-release-2026-09-02/)
3.  [City of Burlington: Low-Income Seniors and Persons with Disabilities Property Tax Reduction (2026)](https://www.burlington.ca/en/property-taxes/low-income-seniors-property-tax-rebate.aspx)
4.  [Ontario: Senior Homeowners' Property Tax Grant](https://www.ontario.ca/page/senior-homeowners-property-tax-grant)
5.  [City of Burlington: Paying property taxes (billing schedule and penalties)](https://www.burlington.ca/en/property-taxes/paying-property-taxes.aspx)
6.  [City of Burlington: Pre-authorized tax payment plans](https://www.burlington.ca/en/property-taxes/pre-authorized-tax-payment-plans.aspx)
7.  [Halton Region: Older Adults Property Tax Deferral Program](https://www.halton.ca/the-region/finance-and-transparency/property-taxes/older-adults-property-tax-deferral-program)

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