Richmond Hill has about 202,000 residents (2021 Census) along the Yonge Street corridor between Toronto and Aurora, and most households own their home. Owning brings large bills that arrive a few times a year. Richmond Hill residents apply online with Ontario-licensed lenders, with funds sent by e-Transfer.
A Richmond Hill exampleWei’s $1,900 property tax instalment is due in four days, and his pay lands in nine. A payday loan tops out at $1,500 and would cost up to $210. Ontario municipalities typically charge 1.25% a month on late tax, about $24 here. He pays a few days late, then signs up for monthly pre-authorized tax payments so next year’s bill is spread out.
Richmond Hill borrowers are covered by Ontario’s payday loan rules: at most $14 per $100, half your net pay, and two business days to cancel.
Richmond Hill-specific things to know
- Spread your property tax. Most Ontario municipalities offer monthly pre-authorized tax payment plans, which turn a few large bills into twelve small ones.
- Home equity costs less. A line of credit secured against your home is almost always cheaper than a payday loan for a short gap.
Free help in Richmond Hill before you borrow
Ontario Works
Delivered by York Region for Richmond Hill, Markham and Vaughan residents.
Electricity bills
Alectra Utilities customers: ask about LEAP emergency help. The OESP credit is open to every Ontario household.
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Food banks, rent help and other York Region services, by phone, text or 211ontario.ca.
Neighbourhoods we serve in Richmond Hill
- Oak Ridges
- Mill Pond
- Richmond Hill Centre
- Bayview Hill
- Langstaff
- Jefferson
- Westbrook
- Rouge Woods
- Crosby
- Doncrest
- Devonsleigh
- Richvale