BC Property Transfer Tax Exemption Do I also qualify for exemption from BC property transfer tax? To qualify for a full exemption from BC property transfer tax at the time of registration, you must: Be a Canadian citizen or permanent resident. Have lived in B.C. for 12 consecutive months immediately before the property registration date. Filed at least 2 income tax returns as a B.C. resident in the last 6 years. Never owned an interest in a principal residence anywhere in the world at any time. Have never received a first-time homebuyer exemption or refund. The property’s fair market value must be: $475,000 or less if registered on or before February 21, 2017 $500,000 or less if registered on or after February 22, 2017 Secure Your Absolute Best Mortgage! If you purchase your first home, you may also qualify to reduce or eliminate the amount of property transfer tax you pay. If you purchase a newly-built home, you may also qualify for a property transfer tax exemption. Family exemptions include: transfer of primary residence, recreational residence, marriage breakdown, family farm with individual and also family farm with corporation. Other exemptions include: registered charity, agreement of sale, bankruptcy, subdividing properties, multiple leases on the same property, and more. Get the lowest rate, plus additional benefits like no origination or processing fees. Find the lender that best suits your needs, from local lenders to major banks.Instead of just shopping at one bank, compare over 30 different lenders to choose one that best suits your needs.Available on Apple iOS and Android. Simply download our mobile app to start.All the information you submit is secure, encrypted and only viewable by you.Apply with the help of a team member or our digital assistant. We make it fast and easy to apply!