Regular Property Tax Deferment Program

The Regular Tax Deferment Program is a low interest loan program that allows you to defer paying all or part of your property taxes on your principal residence if you're:

Find out what the program qualifications are for:

Applicant Qualifications

To qualify for this program, you must:

  • Be a Canadian citizen or permanent resident of Canada
  • Be a registered owner of the property
  • Have lived in B.C. for at least one year prior to applying
  • Pay property taxes for the residence to a municipality or the province, and
  • Have paid all previous years' property taxes, utility user fees, penalties and interest

and you must be either:

  • age 55 or older this year (only one owner must be 55 or older any time during the current calendar year), or
  • surviving spouse of any age who isn't currently the spouse of another person, or
  • designated as a person with disabilities under the Employment and Assistance for Persons with Disabilities Act, or
  • a person with disabilities and in the opinion of a physician, your severe mental or physical impairment:
    • is likely to continue for at least two years, and
    • directly and significantly restricts your ability to perform daily living activities, either continuously or periodically for extended periods, and
    • as a result of those restrictions, requires you to have an assistive device, the significant help or supervision of another person, or the services of an assistance animal to perform those activities

Property Qualifications

To qualify for this program, your eligible property must:

Your property doesn't qualify for tax deferment if:

  • You don't meet ALL program qualifications
  • Your current year property taxes have already been paid in full
  • You owe overdue property taxes in arrears for previous years
  • It's a second residence like a cottage, summer home or rental home
  • The property is taxed by a First Nation
  • The property title is entirely in the name of the executor/executrix, or an administrator of the deceased owner's estate
  • The property title is entirely in trust. If the property title is partially in trust, contact our office to confirm eligibility before applying
  • The property is leased from the Crown or Municipality
  • It's a float home or a home on stilts that doesn't have a property title registered with the Land Title Office
  • It has a Caveat other than Public Guardian and Trustee
  • It has a Certificate of Pending Litigation or an Injunction
  • It has a judgment registered on title (judgments expire two years after registration or renewal unless they are non-expiring)

Contact your lender prior to applying to ensure approval into the program does not conflict with the terms of your loan.

Note: If there's an option to purchase on the property title, the property may not qualify for deferment. Contact us for more information before you apply.

Equity Requirements

You must have and maintain a minimum equity of 25% of the property's assessed value. This means that all charges registered against your property plus the amount of taxes you want to defer can’t be more than 75% of the BC Assessment value of your property in the year you apply.

Find out how your equity is calculated.

How to Apply

Applications for the Regular Program are submitted online through eTaxBC. Find out how to apply