A reminder of some important due dates and key updates: Vancouver The Vancouver Empty Homes Tax declaration is due Tuesday February 2nd 2021 Every residential property owner must make a declaration on whether or not the property is subject to the Vancouver Empty Homes Tax or whether it is exempt. For 2020, a 1.25% tax […]
Reminder – The 2019 BC Speculation Tax Declaration Deadline is Tuesday, March 31, 2020
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 […]
Changes to the BC Speculation and Vacancy Tax
Some good news – the BC government announced extensions to some temporary exemptions to the BC Speculation and Vacancy Tax (the “Spec Tax”) tax. They also provided some clarity on other exemptions. What is the Spec Tax again? It is a BC tax* that started in 2018 as part of BC’s housing affordability strategy to […]
