Defer your property taxes

The Property Tax Deferment Program is a low-interest provincial loan program designed to help qualified BC home owners pay their annual property taxes.

You may apply to defer your current year's taxes from late May until December 31st of that year. However, to avoid a 5% penalty, your application must be received by the tax office on or by the July due date.

Types of property tax deferment

There are two variations of the Property Tax Deferment Program. You can learn more about them, including eligibility criteria, on the Province of British Columbia’s website:

You will have two tax deferment options if you are new to the program

  • Pay the February taxes and defer only the July taxes to avoid paying any penalties.
  • Defer the full year's taxes. You will incur a 5% penalty on the advance amount. Send your penalty payment, home owner grant application, and deferment application to the City by the July due date.

You still need to claim your home owner grant

It's easy to forget to claim your home owner grant when you defer your taxes. Remember that even when you defer your taxes, you still need to claim your home owner grant each year. You also need to renew your deferral each year.

Sending your forms directly to the City can help you avoid unnecessary penalties

While the Tax Deferment Program is provincial, the City collects the applications between mid-May and December 31 each year. If you send your application to the province, they will mail it to us. This delay in the mail may result in late penalties being applied to your property taxes.

Find property tax deferment forms

Managing your deferral

Apply for deferral

Find out how to apply for the Tax Deferment Program. Find links to download the application forms.

Renew your deferral

You tax deferral must be renewed each year if you need to continuing deferring your taxes. Learn more about renewing your tax deferral.

Cancel your deferral

To stop participating in the tax deferral program, but keep an account open with the Province, you can start paying the current year's taxes. Learn more about cancelling your tax deferral.

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Last modified: Tue, 07 May 2013 17:30:38

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