The speculation and vacancy tax is an annual tax based on how owners use residential properties in areas in B.C. affected most by the current housing shortage crisis.
The B.C. government announced the expansion of areas where the speculation and vacancy tax applies. Owners in these areas will not have to declare until 2024. See taxable regions for specific municipalities and regions.
Find out more about how the speculation and vacancy tax applies to you.
You can declare as soon as you receive your declaration letter. It includes your Letter ID and Declaration Code, which can be found at the top right corner of your letter.
Find out when to expect your letter.
It only takes a few minutes to declare online. It's faster than calling and your information will be safe and secure.
Here is the link from the Gorvernment site: https://alpha.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax
For more information, please contact: Gino Pezzani.