Deferment of Property Taxes

Tax Deferment Programs
The Property Tax Deferment programs are low interest loan programs provided by the provincial government which allow qualifying owners to have the province pay their current property taxes on their behalf.

The provincial government offers two tax deferment programs:

Regular Property Tax Deferment Program: Offered to homeowners who are:
• 55 years of age or older,
• A surviving spouse of any age,
• Or a person with disabilities.

The owner must have, and maintain, a minimum equity of 25% on their home.

Families with Children Property Tax Deferment Program: Offered to homeowners of any age who are financially supporting a dependent child under the age of 18, whether the child lives with the homeowner full-time, part-time, or not at all.

The owner must have, and maintain, a minimum equity of 15% on their home.

Eligibility
BOTH programs require that you:

• Are a Canadian citizen or permanent resident,
• Have lived in BC for at least one year prior to application,
• Are eligible for the Home Owner Grant,
• Have paid all previous years’ property taxes and utility bills, and
• Have a current fire insurance policy on the home.

Visit the Province of British Columbia’s website to see if you are eligible.

How to Apply
The Town of Qualicum Beach cannot accept deferment applications or renewals. All submissions must be completed online with the Province of BC.

For more information:

• Visit the Provincial Government’s website.
• Call the Tax Deferment department - Victoria 1-250-387-0555 or Toll Free 1-888-355-2700.

Important Notes

• To remain eligible for deferment, you must claim your Home Owner grant
• Any arrears balances must be paid off prior to deferring your taxes (any unpaid 2021 Utility bills are automatically transferred to taxes)