Module 3 · Lesson 2 of 5 · 8 min read

First Time Home Buyers' PTT Exemption

Full and partial exemption thresholds

The Exemption at a Glance

BC exempts qualifying first-time buyers from the tax on the first $500,000 of a home's fair market value (FMV). The full exemption applies to homes worth up to $835,000. Between $835,000 and $860,000 it phases out, and at $860,000 or more there is no exemption.

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