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Top 26 Grants & Rebates For Property Buyers & Owners

1 Home Buyers’ Plan

Qualifying home buyers can withdraw up to $25,000 (couples can withdraw up to $50,000) from their RRSPs for a down payment. Home buyers who have repaid their RRSP may be eligible to use the program a second time.

Canada Revenue Agency
For more information see www.cra.gc.ca  Enter ‘Home Buyers’ Plan’ in the search box. 1.800.959.8287

2 GST Rebate on New Homes

New home buyers can apply for a rebate of the federal portion of the HST (the 5% GST) if the purchase price is less than $350,000. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000. At $450,000 and above the rebate is nil.

Canada Revenue Agency
For more information see www.cra-arc.gc.ca  Enter ‘RC4028’ in the search box. 1.800.959.8287

3 BC Property Transfer Tax (PTT) First Time Home Buyers’ Program

Qualifying first-time buyers may be exempt from paying the PTT of 1% on the first $200,000 and 2% on the remainder of the purchase price of a home priced up to $475,000. There is a proportional exemption for homes between $475,000 and %500,000.  At $500,000 and above the rebate is nil.

BC Ministry of Small Business and Revenue
For more information see www.rev.gov.bc.ca/rpt  250.387.0604

4 First-time Home Buyers Tax Credit (HBTC)

This federal non-refundable income tax credit is for qualifying buyers of detached, attached, apartment condominiums, mobile homes or shares in a cooperative housing corporation. The calculation: multiply the lowest personal income tax rate for the year (15% in 2014) x $5,000. For the 2014 tax year, the maximum credit is $750.

Canada Revenue Agency
For more information see www.cra.gc.ca/hbtc  1.800.959.8281

5 BC Home Owner Grant

Reduces property taxes by up to $570 on properties with an assessed value up to $1,100,000. The basic grant gives home owners:

  • maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver and Fraser Valley regional districts;

  • an additional grant of $200 to rural homeowners elsewhere in the province; and

  • an additional grant of $275 given to seniors aged 65+, those who are permanently disabled and war veterans of certain wars.

BC Ministry of Small Business and Revenue

For more information see www.rev.gov.bc.ca/hog or contact your municipal tax office.

6 BC Property Tax Deferment Programs

  • Property Tax Deferment Program for Seniors. Qualifying home owners aged 55+ may be eligible to defer property taxes.
  • Financial Hardship Property Tax Deferment Program. Qualifying low-income home owners may be eligible to defer property taxes.
  • Property Tax Deferment Program for Families with Children. Qualifying low-income home owners who financially support children under age 18 may be eligible to defer property taxes.

BC Ministry of Small Business and Revenue

For more information see www.sbr.gov.bc.ca and enter ‘Property tax deferment’ in the search box or contact your municipal tax office.

7 Home Adaptations for Independence (HAFI)

Assists eligible seniors 65+ with the cost of certain permanent home renovations to a principal residence to improve accessibility or help a senior be more functional or mobile at home. The maximum amount of the refundable credit is $1,000 per tax year and is calculated as 10% of the qualifying renovation expense (maximum $10,000 in expenses).

For more information see www.bchousing.org/Options/Home_Renovations 604.433.2218 or toll-free 1.800.257.77568

8 BC Seniors' Home Renovation Tax Credit

Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy savings renovations.

Canada Revenue Agency

For more information see http://www2.gov.bc.ca/gov/content/taxes/income-taxes/personal/credits/seniors-renovation 1.800.959.8281


9 CMHC Mortgage Loan Insurance Premium Refund

Provides home buyers with CMHC mortgage insurance, a 10% premium refund and possible extended amortization without surcharge when buyers purchase an energy efficient home or make energy savings renovations.

For more information see www.cmhc.ca/en/co/moloi/moloin_008.cfm#reno 604.731.5733

10 Energy Saving Mortgages

Financial institutions offer a range of mortgages to home buyers and owners who make their homes more energy efficient. For
example, home owners who have a home energy audit within 90 days of receiving an RBC Energy Saver™ Mortgage, may qualify for a rebate of $300 to their RBC account.

For more information see www.rbcroyalbank.com/products/mortgages/energy-saver-mortgage.html 1.800.769.2511

11 Low Interest Renovation Loans

Financial institutions offer ‘green’ loans for home owners making energy efficient upgrades. Vancity’s Bright Ideas personal loan offers home owners up to $50,000 at prime + 1% for up to 15 years for energy efficient renovations. RBC’s Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over $5,000 or a $100 renovation on a home energy audit on a fixed rate installment loan over $5,000. For information visit your financial institution.

For more information visit your Financial Institution.

12 Heritage Energy Retrofit Grant (Pilot Program)

Grants of up to $3,000 per household to assist with energy retrofits for Vancouver homes built before 1940 and homes listed on the Vancouver Heritage Register. This pilot runs to August 31, 2016. It is sponsored by Vancouver Heritage Foundation and the City of Vancouver Sustainability Group with assistance from City Green Solutions. Qualifying retrofits include insulation, air sealing, window repairs and storm windows, and high efficiency forms of heating and hot water.

Vancouver Heritage Foundation

For more information see http://www.vancouverheritagefoundation.org/get-a-grant/heritage-energy-retrofit-grant-pilot-program/

13 Energy Conservation and Assistance Program (ECAP)

BC Hydro and FortisBC offer free energy assessments and energy saving products to low-income customers. Qualified contractors will install upgrades ranging in value from $300 to $5,000 depending on the need of the home.

Fortis BC

For more information see http://www.fortisbc.com

BC Hydro

For more information see http://www.citygreen.ca/bc-hydro-energy-conservation-assistance-program-ecap

14 Fortis New Home Energy Rebate Offer

Fortis and BC Hydro customers can receive rebates when building ENERGY STAR new homes of when installing high-efficiency natural gas fireplaces.

Fortis BC

For more information see http://www.fortisbc.com/Rebates/RebatesOffers/NewHomeProgram/Pages/default.aspx

15 Smart Thermostat Pilot Program

City of Vancouver and Vancity are offering a $125 rebate for a home owner purchasing 1 of 3 smart thermostats which automatically controls the climate in your home. This pilot program runs to December 2016.

For more information see http://vancouver.ca/green-vancouver/smart-thermostat-pilot-program.aspx

16 Home Energy Rebate Offer

BC Hydro and FortisBC offer home owners rebates for upgrades and improvements, including insulation, space and water heating systems and ventilation to reduce the average customer’s energy bill by 30%. There is a bonus offer for completing three or more of certain upgrades. Total value of available rebates: $5,300 per household.

Fortis BC

For more information see
http://www.fortisbc.com/Rebates/RebatesOffers/HomeEnergyRebateOffer/Pages/default.aspx

17 Energy Savings Kit Program

BC Hydro and FortisBC offer low-income customers a free energy saving kit containing products to help save energy and money.

Fortis BC

For more information see http://www.fortisbc.com/Rebates/RebatesOffers/EnergySavingKit/Pages/default.aspx

BC Hydro

For more information see https://www.bchydro.com/powersmart/residential/ps_low_income/energy_saving_kits/esk/ApplicationStep1.aspx


18 ENERGY STAR Appliances

BC Hydro Power Smart and various municipalities are offering $100 mail-in rebates to home owners buying ENERGY STAR® clothes dryers and refrigerators. Coquitlam, New Westminster, North Vancouver City, North Vancouver District, Richmond, Vancouver and West Vancouver are participating.

BC Hydro

For more information see https://www.bchydro.com/news/press_centre/news_releases/2015/big-rebates-on-appliances.html

19 FortisBC Rebate Program

Rebates for home owners including a $300 rebate for purchasing an EnerChoice fireplace, or up to $1,800 off an ENERGY STAR water heater, or a $1,000 rebate for switching to natural gas (from oil or propane) and installing an ENERGY STAR heating system. Total value of available rebates: $5,300 per household.

Fortis BC

For more information see http://www.fortisbc.com/Rebates/RebatesOffers/Pages/default.aspx

20 Fortis Rebate for Rental Apartment Buildings

In October 2015, FortisBC launched the Rental Apartment Efficiency Program for owners and managers of rental apartment buildings nine units and larger. The program includes a water-efficient shower head and a kitchen and bathroom faucet aerator directly installed in each unit, a building energy assessment and ongoing professional assistance.

For more information see http://vancouver.ca/home-property-development/bank-and-utilities-incentives.aspx

21 City of Vancouver Solar Homes Pilot

This rebate of $3,000 (about 50% of the cost) is for a Vancouver home owner upgrading to a solar hot water system from a gas system. Offered by the City of Vancouver, SolarBC, FortisBC and Offsetters on a first come, first served basis until the City reaches its target of 30 homes.

For more information see www.vancouver.ca/solar 604.871.6288

22 City of Vancouver Rain Barrel Subsidy Program

The City of Vancouver provides a subsidy of 50% of the cost of a rain barrel for Vancouver residents. With the subsidy, the rain barrel costs $75. Buy your rain barrel at the Transfer Station at 377 W. North Kent Ave., Vancouver, BC. Limit of two per resident. Bring proof of residency.

For more information see http://vancouver.ca/engsvcs/watersewers/water/conservation/programs/rainbarrel.htm 604.736.2250

NOTE: Other municipalities have similar offers.

23 City of Vancouver Greenest City 2020 Pilot Home Energy Loan Program

The City of Vancouver in cooperation with Vancity, FortisBC, BC Hydro and Natural Resources Canada offers access to loans for energy retrofits including heating systems, insulation and air sealing. Loans are at 4.5% fixed rate over 10 years. The program also helps with accessing grants from the federal ecoENERGY program, the provincial LiveSmart BC program and FortisBC.

For more information see www.vancouver.ca/energyloan
Email: energyloan@vancouver.ca 604.374.0507

24 Vancity Green Building Grant

In partnership with the Real Estate Foundation of BC, Vancity provides grants up to $50,000 each to qualifying charities, not-for-profit organizations and co-operatives for building renovations/retrofits, regulatory changes that advance green building development, and education to increase the use of practical green building strategies.

For more information see https://www.vancity.com/MyCommunity/NotForProfit/Grants/ActingOnClimateChange/GreenBuildingGrant 604.877.7000

25 Local Government Water Conservation Incentives

Your municipality may provide grants and incentives to residents to help save water. For example, the City of Coquitlam offers residents a $100 rebate and the City of North Vancouver, District of North Vancouver, and District of West Vancouver offer a $50 rebate when residents install a low-flush toilet. Visit your municipality’s website and enter ‘toilet rebate’ to see if there is a program.

26 Local Government Water Meter Programs

Your municipality may provide a program for voluntary water metering, so that you pay only for the amount of water that you use. Delta, Richmond and Surrey have programs and other municipalities may soon follow. Visit your municipality’s website and enter ‘water meter’ to find out if there is a program.


Courtesy of Real Estate Board of Greater Vancouver : January 2012

NOTE: The above information should not be relied upon as complete and is subject to change. Provider of the above information not responsible for it’s accuracy.