In British Columbia, the standard security deposit is half the amount of an entire month’s rent.
With written consent of the tenant and a final condition inspection, or by the order of a dispute resolution officer, the landlord may keep all or part of the security deposit to cover damages.
If you do not pay the security deposit within 30 days from the beginning of the tenancy, the landlord can serve one month notice to end the tenancy.
Your security deposit must be returned to you, plus applicable interest, within 15 days.
The 15 day period commences when the tenancy ends, or the tenant provides a forwarding address in writing, whichever is later.