Closed
Source verified July 18, 2026
Municipal revitalization provincial property tax exemption
Provincial tax relief for eligible rental housing
Funding available
Varies by project
Deadline
Closed
Location
British Columbia, Canada
Overview
Municipal revitalization provincial property tax exemption extends municipal revitalization exemptions to provincial taxes starting in 2019 for eligible new purpose-built rental housing in British Columbia. It follows the municipal program's terms and supports residential class 1 rental properties with at least 5 units, including newly constructed or substantially renovated buildings occupied by tenants.
/100
Opportunity Score
Moderate potential, but conditions must align.
At a glance
Funding available
Financing goals
- Increase social or community impact
- Implement environmental initiatives
- Renovate or expand facilities
Eligible Funding
- Varies by project
Funds Providers
Eligible candidates
Eligible Industries
- All industries
Location
- British Columbia
Legal structures
- All legal structures
Annual revenue
- All revenue ranges
Organisation size
- All organization sizes
Audience
- All groups
Next Steps
1
Determine your project
2
Validate your eligibility
Activities funded
- New purpose-built rental housing.
- Newly constructed rental units or rental units placed on the land.
- Substantial renovation to existing improvements that creates rental units.
Official resources
Eligibility
Who is eligible?
- Owners of qualifying rental property.
How to apply
- The owner must contact the municipal Area Assessor once a municipal revitalization certificate is in place.
Frequently Asked Questions about the Municipal revitalization provincial property tax exemption Program
What is the Municipal revitalization provincial property tax exemption?
Municipal revitalization provincial property tax exemption extends municipal revitalization exemptions to provincial taxes starting in 2019 for eligible new purpose-built rental housing in British Columbia. It follows the municipal program's terms and supports residential class 1 rental properties with at least 5 units, including newly constructed or substantially renovated buildings occupied by tenants.
Who is eligible for the Municipal revitalization provincial property tax exemption program?
To be eligible for the Municipal revitalization provincial property tax exemption program, you must:
The property must have a municipal revitalization tax exemption certificate.
The municipal revitalization bylaw must aim to create new rental housing.
The property must meet the qualifying rental property conditions for residential class 1 rental units.
What expenses are eligible under Municipal revitalization provincial property tax exemption?
New purpose-built rental housing.
Newly constructed rental units or rental units placed on the land.
Substantial renovation to existing improvements that creates rental units.
Who can I contact for more information about the Municipal revitalization provincial property tax exemption?
You can contact Government of British Columbia (BC).
Where is the Municipal revitalization provincial property tax exemption available?
The Municipal revitalization provincial property tax exemption program is available the province of British Columbia.
Is the Municipal revitalization provincial property tax exemption a grant, loan, or tax credit?
Municipal revitalization provincial property tax exemption is a Tax Credits
Who are the financial supporters of the Municipal revitalization provincial property tax exemption?
Municipal revitalization provincial property tax exemption is funded by Government of British Columbia (BC)