Tuesday, February 5, 2013

Home Owner Grant Quick Facts:

Home_owner_grant

Quick Facts: 

  •  The Home Owner Grant program began in 1957.
  • The Province provides the equivalent amount of the full Home Owner Grant to seniors whose homes are valued above the threshold but how have low incomes. The program is called the Low Income Grant Supplement and seniors must apply for it.
  •  In 2009 and 2010, the grant threshold was set at $1.05 million.
  • The grant is not provided automatically. Home owners must apply every year.
  • The grant is available to Canadian citizens and to landed immigrants who normally reside in B.C.

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