2021 Changes to BC Home Owner Grant Applications

New for 2021, applications for the BC Home Owner Grant must all be submitted directly to the province, either online or by phone. Your municipality can no longer accept your home owner grant application.

Everything You Need to Know About the BC Speculation and Vacancy Tax in 2021

The Speculation and Vacancy Tax (SVT) was introduced by the B.C. government in 2018 as part of the plan to address affordable housing. Property owners must make a declaration by March 31, 2021 for their 2020 tax status.

Get Money Back On Your Property Tax in BC

A friendly reminder from your Auxilium Mortgage Team as property tax time approaches!

B.C. Budget Home Speculation Tax Details Released

The provincial budget originally announced the introduction of a new speculation tax on residential property in BC aimed at property owners – both foreign and domestic – who don't pay taxes to the province. But buried in the "Homes for B.C." housing plan, one of several plain-language documents that accompanied the budget, is the idea that "the Province will also introduce a non-refundable income tax credit which will allow those who pay income tax in B.C. to offset the property tax." This apparent contradiction led many people to ask who exactly will be paying the tax.

1