Glossary
Canadian Tax Sale Glossary
A glossary of common Canadian tax sale terms, including minimum bid, assessed value, MRC, PID, tender, and redemption.
Core terms
Minimum bid means the starting or required bid amount. Assessed value is the public assessment figure. Tender means a bid submitted under specific municipal instructions.
Property identifiers
PID, assessment number, roll number, cadastral lot, and legal description are identifiers used to connect a notice to a property record.
Process terms
Redemption, cancellation, arrears, sale date, deposit, and transfer conditions describe timing and procedural obligations that buyers must verify.