Any little bit of money savings is huge win! Knowing what to expect and what is owing can save you a lot of stress down the road.
Am I eligible for the Provincial Home Owner Grant?
The Provincial Home Owner Grant is designed to help homeowners reduce their property taxes.
(a)You must be a BC resident
(b)You must own and reside on the property as your principal residence when you apply
(c)You and your spouse, together, can only claim one grant
(d)You may be required to prove your eligibility
If you turn 65 years old anytime during the current year, you are eligible to claim the additional grant by providing your date of birth on the application (Year/Month/Day).
There are two grant categories:
(a)The regular grant may reduce your taxes by as much as $770
(b)The additional grant may reduce your taxes by as much as $1045