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Apr 9, 2024 · The following forms are available for the speculation and vacancy tax: Spousal Transfer of Income Authorization (FIN 561) (PDF, 140KB) Treatment Certification (FIN 562) (PDF, 250KB) Separate Residence Medical Certification (FIN 572) (PDF, 210KB) Property Interest Holders or Beneficial Owners (FIN 577) (PDF, 160KB) Use this form to authorize or ...
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. 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.
Apr 9, 2024 · Last updated on April 9, 2024. Residential property owners in the designated taxable areas declare every year for the speculation and vacancy tax, even if there is no change to your information. You must complete your declaration by March 31. Vancouver’s empty homes tax, the Government of Canada's underused housing tax and the home owner ...
Definitions. 1 In this regulation: "Act" means the Speculation and Vacancy Tax Act; "average monthly rent", in relation to a class of apartments for a calendar year, means. (a) the average monthly rent reported by CMHC for the calendar year for the class of apartments, or. (b) if the average monthly rent for the class of apartments is not ...
The deadline to complete a declaration is March 31. Property owners needing help can: phone 833 554-2323 (toll-free in Canada and the US) or 604 660-2421 (international), 8 a.m. to 8 p.m. (Pacific time). Service is available in multiple languages; or. email: SpecTaxInfo@gov.bc.ca.
Jan 26, 2022 · The declaration is easy to fill out and takes less than 10 minutes. The quickest way to complete a declaration is online at: https://gov.bc.ca/spectax. Homeowners have until March 31, 2022, to complete their declaration. If owners are not exempt, they must pay their assessed amount by July 2, 2022. Starting this year, a penalty may apply to all ...
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The Speculation and Vacancy Tax (SVT) is an annual tax based on how owners use residential properties in areas in BC. This tax is designed to turn vacant homes into housing for people in British Columbia, and ensure foreign owners and those with primarily foreign income contribute fairly to BC’s tax system. Revenue from the SVT is directed ...
