Home Owner Grant in BC – Canada
Home owner grant in BC – Canada reduces the amount of property tax you pay for your principal residence.
Home owner grant in BC – Canada is available to qualified residents that pay property taxes to a municipality or the province in a rural area. If you pay your property taxes to a First Nation, contact the First Nation directly.
There are two categories of grants which may reduce your property taxes payable. Depending on your home's assessed value and your age, you may qualify for one of the following:
Basic Grant: up to $570
Additional Grant: for those 65 and older of up to $845
Homeowners eligible for the basic grant must pay a minimum property tax of $350. Homeowners eligible for the additional grant must pay a minimum property tax of $100.
Find out what you may qualify for as a B.C. resident:
Person with disabilities
Living with a spouse or relative of a person with disabilities
Spouse or relative of a deceased owner
The Province has reduced the Home owner grant in BC-Canada threshold for 2014
The 2014 Home owner grant in BC-Canada threshold of assessed value has been lowered to $1,100,000. Home owner grant in BC-Canada is reduced by $5.00 for each $1,000 above the threshold.
The basic grant is eliminated when the assessed value reaches $1,214,000
The additional grant is eliminated when the assessed value reaches $1,269,000
If you have concerns about the threshold change, please contact the Province's Home Owner Grant Administration Branch:
To buy a directory of all Canadian Real Estate Grants at 60% discount, please go to:
Regular Updates: If you enjoyed this informative article, you might be interested in real estate newsletter. Enter your contact information to get regular updates on grants, events and LIVE training for Canadian real estate investments.[contact-form-7 404 "Not Found"]
We can HELP !! We also BUY HOUSES. Please call:
P.S. Success isn't a matter of chance, it's a matter of choice. So it's up to you to make the right choice to become successful. If you don't know what to do it starts with making the choice to register for this LIVE real estate investors training in your town now and making sure you make the right choice to SHOW UP!!! Learn more to earn more!
Are you a Canadian real estate Investor? Join Canada's largest real estate investors club now.