The Town of Innisfil is responsible for managing and investing in high-quality municipal services that our residents depend on. Our Financial Services division provides financial stewardship to the Town, its staff, residents, ratepayers and stakeholders, with the goal of ensuring long-term viability, affordability and sustainability.

Staff deliver accounting services, procurement expertise, property taxation, and financial planning and reporting using professional knowledge and best practices to ensure the best value for the Town.


Every two years, the Town develops a municipal budget to determine the cost of providing services to our residents. Council adopts an Operating Budget and a Capital Budget.

The Operating Budget addresses ongoing operational requirements needed to deliver services to residents. The Capital Budget addresses asset acquisition and replacement requirements. These budgets also include the financial components of Town strategic and master plans as adopted by Council.

Financial statements

As per Ontario's Municipal Act, the Town prepares financial statements each year, in accordance with Canadian public sector accounting standards. Council reviews and approves the Town's consolidated financial statements, which are audited annually and summarize the state of the Town's assets and financial position.

Property taxes and assessments

View information about the Town's property taxes and assessments. The Town uses property taxes to fund municipal services, infrastructure and programs that bring value to community members. Property assessments in Innisfil are conducted by the Municipal Property Assessment Corporation (MPAC) and are used when determining property owners' taxes each year.

Fees and charges

View the Town of Innisfil's various fees and charges for municipal services, programs and activities as set out by our Fees and Charges By-law.

Duties of Financial Services staff

Along with developing Town budgets and maintaining budgetary processes, the main duties of our Financial Services staff include:

  • Statutory financial disclosure and reporting requirements to the public, Council, and the provincial and federal governments
  • Cash management, tax billing and collections, accounts payable and receivable transactions
  • Administration of procurement processes and maintaining the Town's Procurement By-law and its related procedures
  • Payroll processing and related source deduction remittances to appropriate authorities
  • Providing financial analysis, advice and guidance concerning various corporate business activities and initiatives
  • Identifying revenue sources, debt implications, ongoing operational costs and tax or user-rate impacts
  • Analysis of development charges, including by-law interpretations and updates