The BC government did NOT extend this deadline in its COVID-19 measures.
What if I file after March 31, 2020?
- You will receive a tax notice charging you the tax at the maximum tax rate of 2% of assessed value.
- However, you can still complete your declaration even after you’ve received a tax notice whether, if applicable, to claim an exemption or to report at the 0.5% lower rate.
Click here to see how to declare.
Note that EACH spouse or partner has to file the declaration if you are both are on title.
Click here to see our blog posted in January 2020 for more information.
A reminder – if you do have to pay and are a B.C. owner then you are eligible for a tax credit of up to $2,000 on the secondary property to offset their tax payable.
Please contact your DMCL advisor if you have any questions.
