Tax Calculator

Tax Calculator

The BC homebuyer tax calculator application is a free service offered by the British Columbia Real Estate Association.

Note: this calculator should not be considered a substitute for professional accounting or legal advice.



BCREA is currently updating our Tax Calculator.


Check back soon!

The updated tax calculator will feature new exemptions, including an increase to the First Time Homebuyers Program threshold, which will apply for purchases that complete on or after April 1, 2024.

The designated threshold of a “qualifying property:”

  • will be increased from a fair market value of $500,000 to $835,000 for first-time home buyers purchasing a home for use as a principal residence; and
  • will be increased from a fair market value of $750,000 to $1,100,000 for new home construction for use as a principal residence.

The phase-out range will be $25,000 and $50,000, respectively, above these new thresholds with complete elimination of the exemption at $860,000 and $1,150,000, respectively.

Additional information is available at: BC Government Property Transfer Tax Exemptions – First Time Home Buyers.



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