Get FIN 92 - Application For Retroactive Home Owner Grant - Sbr Gov Bc

Regular BC Home Owner Grant 2023 The regular grant is $570 and is for residents in the Capital Regional District, Metro Vancouver Regional District and the Fraser Valley that are under the age of 65. For all other areas of the province, such as northern or rural areas, the amount is $770.

The provincial government announced Wednesday it has raised the grant threshold to $1.975 million for this year. The government says in a news release that the new cap will ensure 92 per cent of residential properties are covered, lowering the amount of taxes people pay on their principal residence.

You may be able to claim the full regular grant amount if your property has an assessed or partitioned value of $2,125,000 or less. If you meet all requirements but your property's assessed or partitioned value is over $2,125,000, you may qualify for a grant at a reduced amount.

You may be able to claim the full regular grant amount if your property has an assessed or partitioned value of $2,125,000 or less. If you meet all requirements but your property's assessed or partitioned value is over $2,125,000, you may qualify for a grant at a reduced amount.

The home owner grant reduces the amount of property taxes you pay each year on your principal residence. If you're a senior aged 65 or older, your property is assessed at $2,125,000 or less and you meet certain requirements, you may be eligible for the additional grant of $275 on top of the regular grant of $570.

If you qualify for the home owner grant, you must apply each year to receive it. Anyone with your permission can apply for you on your behalf. You can apply at any time during the tax year, but the best time is after you receive your property tax notice in the mail and before your property tax due date.

Regular BC Home Owner Grant 2023 The regular grant is $570 and is for residents in the Capital Regional District, Metro Vancouver Regional District and the Fraser Valley that are under the age of 65. For all other areas of the province, such as northern or rural areas, the amount is $770.

Homeowners in rural areas can receive up to $770 for the basic Home Owner Grant or as much as $1,045 for seniors or people who have a disability. B.C. Government officials said the threshold is set at $1.975 for 2022, which will ensure 92% of residential properties are covered by the grant.