In BC, seniors, individuals with disabilities, and their spouses or partners can apply for a homeowner’s grant to reduce the amount of property tax they need to pay each year.
Tips & Links
It is important to be aware of tax benefits and government subsidies because it can help alleviate some of the financial burden on seniors and individuals living with chronic health conditions and/or disabilities, making homeownership more affordable and sustainable.
Learn More
- The home owner grant reduces the amount of property taxes you pay each year on your principal residence. You can apply if your are a senior (over 65 years), a veteran, living with a disability or are a spouse of a person with a disability. Learn how to apply, eligibility requirements, and more from the Government of BC.
- To be eligible to apply for the Home Owner Grant for Seniors you must be 65 years and older, a permanent resident in BC, and live in your home as outlined by the Government of BC.
- Learn about accessing the home owners grant if you have a disability or are a spouse of a person with a disability by meeting the requirements outlined by the Government of BC. The requirements include that you are presently receiving disability assistance from the government.
- Learn how to defer your taxes if you are over 55 years of age or are a person with a disability and live in your own home using the Property Tax Deferment offered by the Government of BC. Get information online or call Property Tax Deferment 1-888-355-2700.
Things You Can Do
- Learn who is eligible and how to apply for a home owners grant. Know you need to apply each year and it is suggested you do as soon as you get your property assessment. Learn more from the Government of BC.
- Discuss the option of property tax deferment and other financing alternatives with a qualified care partner, accountant, or financial planner.
- Record your insights and decisions in the financial planning worksheets found in Understanding My Financial Situation.
Consider a Home Owners Grant as part of your financial plan in Mywell Health under My Financial Plan.