The home owner grant is a provincial program governed by the BC Ministry of Finance, which helps to reduce the amount of residential property tax you pay. The home owner grant applies to the property taxes paid by British Columbians to their municipality or to the Surveyor of Taxes for rural areas.
There are two categories of grants:
1.The regular grant may reduce your taxes up to $570 for Surrey, but varies by the community.
To qualify for the regular grant:
• You must be a Canadian citizen or permanent resident and ordinarily reside in BC, and
• You must be the registered owner or eligible occupant of the home on which the grant is being clamed you must occupy the home as your principal residence.
2.The additional grant may reduce your taxes up to $845 for Surrey, but varies by the community.
To qualify for the additional grant:
• You must be 65 or older during that calendar year. If you are a joint owner of the house one of you must be 65 or older to apply for the grant. The qualifying owner or eligible occupant must be the claimant.
• You are a veteran or a veteran’s spouse or widow/widower receiving an allowance under the War Veterans Allowance Act (Canada) or the Civilian War-Related Benefits Act. Veterans must attach documentary proof from Veterans Affairs Canada to the home owner grant application.
• You are a person with a disability and are receiving disability assistance, hardship assistance or a supplement under the Employment and Assistance for Persons with Disabilities Act. You must provide the required Consent for Release of Information completed and signed by you and the Ministry of Social Development representative
• You are a person with a disability, who does not receive disability assistance under the Employment and Assistance for Persons with Disabilities Act, or you are the spouse or relative of a person with a disability and the disabled person resides with you.
Grant applications are reviewed to ensure that grants have been approved only for owners or eligible occupants of eligible properties. You may need to provide documentation to support your claim, such as proof of ownership, residency or costs associated with your disability. Failure to provide the requested information may result in the denial of your grant claim.
You (or your spouse) can only claim the home owner grant for your principal residence each year. However, if you are married and living together you cannot apply for the grant for separate principal residences, but if you have a written separation agreement with your spouse at the time you apply, you can each claim the home owner grant for separate principal residences.
For more information please contact Harinder Dail Notary Public @ 604-503-3853.