Updates to property taxes
Last updated on April 8, 2024Not subscribed for tax updates yet? Sign up here.
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Home owner grant
February 22, 2024
The provincial government announced its 2024 Budget on February 22, 2024. Programs administered by the Property Taxation Branch are amended as a result.
Learn more at B.C. Provincial budget tax changes.
January 2, 2024
The home owner grant threshold for 2024 is increased to $2.15 million. This new threshold ensures the same percentage of British Columbia homes are below the threshold compared to 2023.
Property tax deferment
2024 updates will be posted here.
Property transfer tax
April 8, 2024
The online application to transmit ownership to a surviving joint tenant is now available through the Land Title and Survey Authority of B.C. (LTSA).
April 2, 2024
A new version (Version 37) of the Property Transfer Tax (PTT) web-based return has been introduced. This version introduces the threshold change to the first time homebuyers' exemption and the newly built home exemption.
First time home buyers' exemption amounts and qualifying criteria have been updated. You can also see the exemption amounts before April 1, 2024.
January 22, 2024
The following bulletins are now web content:
- Bulletin PTT 007, Exemptions for the Transfer of a Recreational Residence (PDF)
- Bulletin PTT 008, Exemptions for Transferring a Family Farm (PDF)
- Bulletin PTT 009, Exemptions for Transfers to and from a Family Farm Corporation (PDF)
Please update your bookmarks to the new location of our website. These pages have also been updated to include the updated definition of “spouse”.
General property tax information
2024 updates will be posted here.