Top 25 grants and rebates for property buyers and owners
The Westmar Team at Macdonald Realty is pleased to provide you with a list of resources with links to rebates
and grants available to both residential homeowners and commercial property owners in the Lower Mainland.
Many of the programs are available to anyone, and several that offer big savings on “green” products and
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 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.
Canada Revenue Agency www.cra.gc.ca - Enter 'RC4028' in the search box. 1.800.959.8287
3. BC New Housing Rebate (HST)
Effective April 1, 2012, the BC HST new housing rebate threshold will be increased to $850,000, for a rebate of
up to $42,000 on newly built homes (an increase of 60% over the previous rebate). Purchasers of new
secondary or recreational homes outside the Greater Vancouver and Capital regional districts priced up to
$850,000 are now eligible to claim a provincial grant of up to $42,500 (effective April 1, 2012).
4. BC First-Time New Home Buyers Bonus (NEW!)
Effective February 21, 2012 to March 31, 2013, The BC government is implementing a temporary one-time
refundable personal income tax credit worth up to $10,000. Visit the website below or call for more details and
5. BC New Rental Housing Rebate (HST)(UPDATED!)
Effective April 1, 2012, landlords buying new or substantially renovated housing are eligible for a rebate of
71.43% of the provincial portion of the HST, up to $42,500 per unit.
6. 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 $425,000. There is a proportional exemption for
homes priced up to $450,000.
BC Ministry of Small Business and Revenue:
7. 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 2011) x $5,000. For the 2011 tax year, the maximum
credit is $750.
8. BC Home Owner Grant
Reduces property taxes for home owners with an assessed value of up to $1,285,000. The basic grant gives
- a maximum reduction of $570 in property taxes on principal residences in the Capital, Greater Vancouver
and Fraser Valley regional districts;
- an additional grant of $770 to rural homeowners elsewhere in the province; and
- an additional grant of $275 to seniors aged 65+, those who are permanently disabled and war veterans of
BC Ministry of Small Business and Revenue www.rev.gov.bc.ca/hog or contact your municipal tax office.
9. BC Property Tax Deferment Programs
- Property Tax Deferment Program for seniors. Qualifying home owners aged 55+ may be eligible to defer
- 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.
10. Canada Mortgage and Housing (CMHC) Residential Rehabilitation Assistance Program (RRAP)Grants.
This federal program provides financial aid to qualifying low-income home owners to repair substandard
housing. Eligible repairs include heating, structural, electrical, plumbing and fire safety. Grants are available
for seniors, persons with disabilities, owners of rental properties and owners creating secondary and garden
www.cmhc-schl.gc.ca/en/co/prfinas/prfinas_001.cfm 1.800.668.2642 604.873.7408
11. 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 mortgage or make energy saving
12. 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 SaverT Mortgage may qualify for a rebate of $300 to their RBC account.
13. 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 $20,000 at prime + 1% for up to 10 years for 'green'
renovations. RBC's Energy Saver loan offers 1% off the interest rate for a fixed rate installment loan over
$5,000 or a $100 rebate on a home energy audit on a fixed rate installment loan over $5,000.
For information visit your financial institution.
www.vancity.com/Loans/BrightIdeas and www.rbcroyalbank.com/products/personalloans/energy-saver-loan.html
14. LiveSmart BC: Efficiency Incentive Program
Home owners improving the energy efficiency of their homes may qualify for cash incentives through this
provincial program provided in partnership with BC Hydro and FortisBC. Rebates are for energy efficient
products which replace gas and oil furnaces, pumps, water heaters, wood stoves, insulation, windows, doors,
skylights and more. The LiveSmart BC program also covers $150 of the cost of a home energy assessment,
directly to the service provider.
15. BC Residential Energy Credit
Home owners and residential landlords buying heating fuel receive a BC government point-of-sale rebate on
utility bills equal to the provincial component of the HST.
16. BC Hydro Appliance Rebates
Mail-in rebates for purchasers of ENERGY STAR clothes washers, refrigerators, dishwashers, or freezers.
17. BC Hydro Fridge Buy-Back Program
This ongoing program rebates BC Hydro customers $30 to turn in spare fridges in working condition.
18. BC Hydro Windows Rebate Program
Pay no HST when you buy ENERGY STAR high-performance windows and doors.
www.bchydro.com/rebates_savings/windows_offers/current_offers.htm 604.759.2759 for a free in-home
19. BC Hydro Mail-in Rebates/Savings Coupons
To save energy, BC Hydro offers rebates including 40% off energy saving toilets, 30%off water heater
insulation blankets, and more. Check for new offers and for deadlines.
20. FortisBC Rebate Program
A range of rebates for home owners include a $75 rebate on select ENERGY STAR clothes washers, $300
rebate on an EnerChoice fireplace and a $1,000 rebate for switching to natural gas (from oil or propane)
and installing an ENERGY STAR heating system. Check for current offers.
21. FortisBC Efficient Boiler Program
For commercial buildings, provides a cash rebate of up to 75% of the purchase price of an energy efficient
boiler, for new construction or retrofits. Also receive a rebate of up to $15,000 on select commercial water
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 household. Bring proof of residency.
vancouver.ca/engsvcs/watersewers/water/conservation/programs/rainbarrel.htm Dial 311 in Vancouver or
604.873.7000 outside Vancouver city limits. Other municipalities have similar offers.
Richmond offers rain barrels to residents for $20 for 45 or 50 gallon units, with downspout diverters available
for $16. Available from Richmond Recycling Depot at 5555 Lynas Lane, Richmond, BC. Limited supplies.
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. The Home Energy
Loan from Vancity is a 12month pilot program that will end October 21, 2012. For more information attend a
workshop (see third link below). The goal is 500 homes and loans are offered 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.
www.vancouver.ca/energyloan and www.vancity.com/Loans/homeenergy and http://energyloan.eventbrite.com
Email: email@example.com 604.374.0507
24. Local Government Water Conservation Incentives
Your municipality may provide grants and incentives to residents to help save water. For example, the City
of Coquitlam and Richmond 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.
Richmond rebate: http://www.richmond.ca/services/rdws/water/savewater/toiletrebate.htm 604.276.4179
25. 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.
Richmond info: http://www.richmond.ca/services/rdws/water/savewater/watermeter.htm 604.271.9700