Vancouver Island Farms & Acreage // 250-746-6621 // blairherbert@royallepage.ca

This website has been created to make the search for Agricultural property in the Vancouver Island Real Estate area easier. We have added information for out of Province and out of Canada buyers to answer questions they may have. Committed to going the extra mile and ensuring that all of your needs are successfully met in a professional and honest manner. Check out the FAQ section for info that is unique to the BC farm buying experience. Contact me with questions and I will post the question and answer.

Farm status for property taxes

In British Columbia you can reduce your property tax burden on a agricultural property by gaining a farm status designation on the property from BC assessment. The basic rule is that when you have less thatn 2 acres of agricultural land you must have sales in excess of $10,000 of agricultural products grown on that land and sold off that land. Just to be clear what you consume or feed your family off the land is not included. If you have between 2 and 10 acres the number drops to $2500, Over 10 acres requires the $2500 plus 5% of the value of land over 10 acres. Income for the purposes of farm class will be calculated based on the farm gate price you receive on qualifying agricultural products.  To see a list of qualifying agricultural products as well as the rest of the rules check out the website at bcassessment.ca/public 

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