Tax Breaks

Winter 2003 CSANews Issue 49  |  Posted date : May 02, 2007.Back to list

Dear Bird Talk,

I read your article about Ontario leading the way for TAX BREAKS FOR SENIORS. In fact BC HAS HAD THE SENIOR PROPERTY TAX BREAK ON EDUCATION FOR ABOUT 15 YRS OR MORE.

In BC it's called THE HOMEOWNERS GRANT, and as seniors you don't pay the school tax portion on your taxes.

For us in Victoria it's $655.92 a year, and it's deducted when you pay your yearly taxes (end June). There is another homeowners grant for NON SENIORS $470.00.

JUST THOUGHT YOU SHOULD KNOW THAT Ontario is not always first at everything. The out come of your election certainly put the brakes on the planned tax break for mortgages and such.

I enjoy the snowbird mag.
Alex Badiuk

Response:
Thanks Alex, it would appear that the rest of the provincial governments of Canada could take some cues from B.C. This issue was a great first. The second should be the qualification for residential status. As outlined in the letter from the B.C. Ministry of Health Services, in order to maintain your residential status you are required to be in CANADA for six months of the year. This allows B.C. residents to travel freely within Canada instead of being confined to their home province. Not a universal truth for all Canadians.