The Property Tax Deferment program in BC allows eligible homeowners over 55 years of age, to defer payment of their property taxes until they sell their home, or it becomes part of their estate.
Tips & Links
- In planning for your retirement, you may be encouraged to look for ways to save money. Property tax deferment allows homeowners over 55 years of age and aging in place to defer their taxes until the home they are living in is sold.
- Learn about 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 information online or call Property Tax Deferment 1-888-355-2700.
- Learn more about property tax assistance for seniors at Healthlink BC.
- It is important to include any debts or financial obligations in your will and to communicate with your beneficiaries about the existence of a reverse mortgage and how it will affect the inheritance they receive.
- Be aware that property tax deferment and Home Owner Grant for Seniors can be part of your retirement financial plan and that is why it is listed in your Mywell Health planner under My Financial Plan.
Tools – Handouts & Videos
Categories: My Financial Plan, Senior
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