Top Grants and Rebates

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 for the 5% GST 
if the purchase price is $350,000 
or less. The rebate is equal 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. 
At $450,000 and above the rebate 
is nil. Canada Revenue Agency 
www.cra.gc.ca Enter ‘RC4028’ in 
the search box.
1.800.959.8287

3.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. At $450,000 and above 
the rebate is nil.
BC Ministry of Small Business 
and Revenue www.sbr.gov.
bc.ca/business/Property_Taxes/
Property_Transfer_Tax/ptt.htm
250.387.0604

4. 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 2012 tax year, the maximum 
credit is $750. 
Canada Revenue Agency 
www.cra-arc.gc.ca/tx/ndvdls/
tpcs/ncm-tx/rtrn/cmpltng/ddctns/
lns360-390/369/menu-eng.html
1.800.959.8281

5 BC HOME OWNER GRANT
Reduces property taxes 
for home owners with 
an assessed value of up to 
$1,295,000. The basic grant gives 
home owners:
• 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 $200 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 certain wars.
BC Ministry of Small Business 
and Revenue www.rev.gov.bc.ca/
hog or contact your municipal tax 
office.

6 BC PROPERTY TAX DEFERMENT PROGRAMS: 
- Property Tax Deferment 
Program for Seniors. Qualifying 
home owners aged 55+ may be 
eligible to defer property taxes. 
- 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.
BC Ministry of Small Business 
and Revenue www.sbr.gov.bc.ca/
individuals/Property_Taxes/
Property_Tax_Deferment/ptd.htm 

7.CANADIAN 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 suites.
www.cmhc-schl.gc.ca/en/co/
prfinas/prfinas_001.cfm
1.800.668.2642 | 604.873.7408

8.HOME ADAPTATIONS FOR INDEPENDENCE (HAFI)
A program jointly sponsored by the provincial and 
federal governments provides up to $20,000 to help eligible
low-income seniors and disabled home owners
and landlords to finance modifications to their homes
to make them accessible and safer.

9.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 home or make
energy saving renovations. 
www.cmhc.ca/en/co/moloin/
moloin_008.cfm
604.731.5733

10.ENERGY SAVING MORTAGES
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 
Saver™ Mortgage, may qualify 
for a rebate of $300 to their RBC 
account. 
www.rbcroyalbank.com/products/
mortgages/energy-saver-mortgage.
html  1.800.769.2511

11.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.

12. BC HYDRO APPLIANCE REBATES
Mail-in rebates for 
purchasers of ENERGY STAR 
clothes washers, refrigerators or 
freezers. 
www.bchydro.com/powersmart/
residential/rebates_savings/
appliance_rebates.html
1.800.224.9376

13. BC HYDRO FRIDGE BUY-BACK PROGRAM
This ongoing 
program rebates BC Hydro 
customers $30 to turn in spare 
fridges in working condition.
www.bchydro.com/powersmart/
residential/rebates_savings/fridge_
buy_back.html
604.881.4357

14 FORTIS BC REBATE PROGRAM
A range of rebates for 
home owners include a $75 rebate 
for upgrading to an ENERGY 
STAR clothes washer, $300 rebate 
on an Ener-Choice fireplace and
a $1,000 rebate for switching to 
natural gas (from oil or propane) 
and installing an ENERGY STAR 
heating system. 
www.fortisbc.com/NaturalGas/
Homes/Offers/Pages/default.aspx 
1.888.224.2710

15.FORTIS BC REBATE PROGRAM FOR BUSINESS
For commercial buildings, 
provides a rebate of up to $60,000 
for the purchase of an energy 
efficient boiler, up to $15,000 for
the purchase of a high-efficiency
water heater and recieve funding 
towards a new construction 
energy study.
www.fortisbc.com/NaturalGas/
Business/Offers/Pages/default.
aspx 
1.866.884.8833

16 LIVESMARTBC SMALL BUSINESS PROGRAM
Business Energy 
Advisors (BEAs) delivers free 
energy assessments. Help business 
owners tap into available product 
incentives and cash rebates for 
lighting, hot water, heating and 
ventilation improvements. Help 
business owners coordinate 
product installation. NOTE: this 
program expires March 31, 2014.
www.livesmartbc.ca/incentives/
small-business/index.html
1-866-430-8765

17.CITY OF VANCOUVER 
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 resident. Bring 
proof of residency. There is a also 
a limited time offer for short rain 
barrels for small yards. Cost $50.
http://vancouver.ca/engsvcs/
watersewers/water/conservation/
programs/rainbarrel.htm
604.736.2250
Other municipalities have similar 
offers.
18 Local Government 
Water Conservation 
Incentives 
Your municipality may provide 
grants and incentives to residents 
to help save water. For example, 
the City of Coquitlam 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.

19 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.


Quick Contact

Kevin Arcuri & Layla Precious Kevin 250.354.2958 
Layla 250.354.3369 Office 250.352.3581 Fax 1.888.865.4646 

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