Do I Qualify?

To qualify, the property (land and improvement) must be registered at the land title office after February 16, 2016 and you must be:

an individual
a Canadian citizen or permanent resident (you will be asked to provide your Social Insurance Number (SIN) and your birthdate)
and the property must:

be located in B.C.
only be used as your principal residence
have a fair market value of $750,000 or less
be 0.5 hectares (1.24 acres) or smaller
You may qualify for a partial exemption, if the property:

has a fair market value greater than $750,000 and less than $800,000
is larger than 0.5 hectares
has another building on the property other than the principal residence
Find out the amount of your exemption if you qualify.

If you don’t qualify because you are not a Canadian citizen or permanent resident, but you become one within 12 months of when the property is registered, you may apply for a refund of the tax.