BC Property Tax Deferment Calculator
Use this calculator to determine the cost versus the potential benefit of using the BC Property Tax Deferment Program. A simple interest formula is used to calculate the interest on deferred taxes as opposed to compound interest the way mortgages are calculated. Prime rate is applied to families with dependants under the age of 18, and prime -2% is used for homeowners age 55 and older. Enter the amount of tax to be deferred and compare it with the same amount invested at various compounding rates. Please speak to a licensed advisor about the pros and cons of deferring property taxes.
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