Repay Your Deferred Property Taxes

You can repay all or part of your tax deferment loan balance at any time without penalty. Before you make a payment to your tax deferment account, contact us to receive a payout letter. Your payout letter will include your account number, the current amount outstanding, interest charged per day and payment instructions.

Make a Payment

You can repay all or part of your tax deferment account:

If you’re repaying your loan in full, find out how the tax deferment lien gets removed from your property’s title.

Online Through Your Bank or Financial Institution

Most banks and financial institutions offer online bill payment services for their clients. To make a payment using your bank or financial institution’s online bill payment service, you need to know:

  1. Our payee name
  2. Your account number

1.  Our payee name

You should be able to find us listed with your bank under one of the following payee names:

  • REVENUE SERVICES OF BC
  • MSP - REVENUE SERVICES OF BC*
  • COLLECTIONS - REVENUE SERVICES OF BC*
    * these payee names work for tax deferment payments too

Note: Some banks and financial institutions will use a variation of the payee name above. If you can't find us, call your bank for assistance.

2.  Your account number

Your account number is shown on the payout letter you’ll receive from our office. The account number starts with a letter "X". If you can't find your account number, contact us.

Service B.C. Centre

You can drop off your payment at a Service BC Centre.

Payments by cash, debit, certified cheque, trust cheque, bank draft, money order or personal cheque made payable to the Minister of Finance are accepted. Service B.C. staff can provide you with a receipt if you request one.

Write your agreement number or account number on your payment so your account can be easily identified when your payment is processed. 

Your account number is shown on the payout letter you’ll receive from our office. The account number starts with a letter "X". If you can't find your account number, contact us.

 Mail or Courier

To pay by mail or courier, send a certified cheque, trust cheque, bank draft, money order or personal cheque made payable to the Minister of Finance. Write your agreement number or account number on your payment so your account can be easily identified when your payment is processed. 

Your account number is shown on the payout letter you’ll receive from our office. The account number starts with a letter "X". If you can't find your account number, contact us.

Send your payment to:

Mailing Address    
Tax Deferment Payment Processing
Ministry of Finance
PO Box 9474 Stn Prov Govt
Victoria BC V8W 9W6

Courier Address
Tax Deferment Office
1802 Douglas Street
Victoria BC V8T 4K6

 Lawyer, Notary or Other Parties

Lawyers, notaries and other parties, such as Power of Attorney, executor or trustee, can repay an agreement holder's loan balance on their behalf. This often happens when the home is being sold or refinanced.

To repay a loan on behalf of an agreement holder, the lawyer, notary or other party must first obtain a payout letter from us.

To obtain a payout letter, send us an email request using the following format with no attachments:

  • Subject line:
    Tax Deferment Payout Request – PID (xxx-xxx-xxx) or MHR#, client's last name
  • Email content:
    1. Full name of the firm or individual requesting the payout letter
        Full address with postal code
        Phone number
    2. Full names of all owners on title
    3. Civic address of property
    4. We are acting on behalf of: (your client's full name)

Email the request to TaxDeferment@gov.bc.ca. A payout letter will be emailed back to you within two business days.

The letter will provide the balance owing and indicate whether the current year taxes are included. Also, the letter will provide the interest amount charged per day if you need to calculate the payment amount for a specific date. We can't provide you with a payout amount for a past or future date.

Once you receive the payout letter, you can pay online through a bank or financial institution (see instructions on the letter), or at a Service BC Centre or by mail using guaranteed funds (bank draft, money order, certified cheque or a trust cheque) payable to the Minister of Finance. Reference "Property Tax Deferment" on the cheque and include your client's:

  • Full name
  • Agreement number or account number

Releasing the Tax Deferment Lien

The Land Title Office or Personal Property Registry (for manufactured homes) will release the tax deferment lien when they receive a Notice of Satisfaction from our office.

If you repay your loan in full with guaranteed funds, such as a certified cheque, trust cheque, bank draft, money order or cash, we’ll send the Notice of Satisfaction once your payment has been processed. 

If you repay your loan in full using non-guaranteed funds, such as a personal cheque, we won’t send the Notice of Satisfaction to release the lien until your payment has cleared. This will take at least 30 days.

We will mail you confirmation when your payment has been processed.

Note:  It may take several weeks for the lien to be removed after your tax deferment account is paid in full.