The Rustad Rebate
John Rustad Announces Bold “Rustad Rebate” Plan to Provide Real Relief for BC Renters and Homeowners. To address this urgent crisis, the Rustad Rebate will provide significant relief to both renters and homeowners by exempting up to $3,000 a month in housing costs from provincial income taxes.
“The Conservative Party believes in hard work and opportunity. If you work hard here, you should be able to get ahead. Under the NDP, British Columbians have been stuck on an endless treadmill of rising costs and punishing taxes. The Rustad Rebate is a real solution to help families stay in their homes, support the middle class, and provide relief to those being squeezed by high housing prices and rents.” - John Rustad, Leader of the Conservative Party of British Columbia
Key elements of the BC Rent and Mortgage Rebate include:
1) Largest tax cut for renters and homeowners in BC history – $3,000 per month of rent or mortgage interest costs will be exempt from provincial income taxes. This will be achieved by issuing a tax credit worth 5.06% of eligible housing costs, equivalent to the rate of BC’s base tax bracket.
2) Immediate relief in Budget 2026 - by exempting $1,500 per month, increasing by $500 per year to the full level of $3,000 per month. This is a clear and long-term commitment to British Columbians who work hard.
3) A fair and fiscally responsible tax credit – The 2026 budget impact will not exceed $900 million, and we will design a targeted tax credit that ensures the relief goes to people who need it to get ahead in life.
The Rustad Rebate will provide meaningful support to renters and homeowners, allowing them to stay in the communities they love and keep more of their hard-earned money.
Sign the petition if you support John Rustad's plan to help families stay in their homes, support the middle class, and provide relief to those being squeezed by high housing prices and rents.
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