Speculation and Vacancy Tax & Vancouver Empty Homes Tax

SPECULATION AND VACANCY TAX

The BC government has launched Speculation and Vacancy Tax in the province. Residential properties owners are required to complete an annual declaration.

Owners will receive a mail from the government regarding the Speculation and Vacancy Tax Declaration and they're required to complete the declaration by March 31st.

For details, please click the links below:

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/speculation-and-vacancy-tax

Who are exempted for paying Speculation and Vacancy Tax?

https://www2.gov.bc.ca/gov/content/taxes/property-taxes/speculation-and-vacancy-tax/exemptions-speculation-and-vacancy-tax

 

VANCOUVER EMPTY HOMES TAX

For those who own properties in the city of Vancouver, in addition to complete a declaraton of Speculation and Vacancy Tax, they are required to submit a Property Status Declaration to the city of Vancouver to determine if Empty Homes Tax applies to them. The due date is Feb 4th.

For details, please go to: https://vancouver.ca/home-property-development/empty-homes-tax.aspx