B.C. Home Owner Grant rules updated: veterans supplement formula revised and outdated cross-references removed

Plain-language summary · AI-assisted

The Home Owner Grant Regulation has been amended in three areas. First, the definition of 'additional grant' is narrowed by removing a reference to a specific grant section, tightening which grants qualify. Second, cross-references in the section dealing with grant reductions for certain applicants have been corrected, removing outdated subsection references. Third, the formula for calculating the veterans supplement for category 5 applicants has been rewritten: the supplement is now calculated by subtracting one-half of the applicable grant reduction (based on property type—single residence, apartment, land cooperative unit, or multi-dwelling leased parcel unit) from the maximum veterans supplement amount. Homeowners who are veterans or surviving spouses claiming the veterans supplement, and administrators processing such claims, should review how the revised formula applies to their specific property type.

Who this affects
veteran homeowners claiming the veterans supplement · surviving spouses of veterans applying for the home owner grant · strata and co-operative housing administrators · property tax and grant administrators