The BC government is slightly raising the homeowner threshold grant this year to $1.65 million dollars, up from the $1.6 million dollar mark last year.
The grants range from $570 for the basic homeowner grant to $770 if the residence is based in the northern or rural part of the province.
It increases even further to $1,045 for any 65 years of age or older or if the homeowner is disabled.
According to the government, homeowners grants are expected to return $825 million in 2018.
To be eligible, the home must be used as the owner’s primary residence.
More to come.
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