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Learn how to declare, pay and appeal the speculation and vacancy tax, an annual tax based on how owners use residential properties in B.C. affected by the housing shortage crisis. Find out if you are eligible for exemptions or tax credits, and check the interactive map to see if your property is in a taxable area.
- How to Declare
Residential property owners in the designated taxable areas...
- Frequently Asked Questions
What is the speculation and vacancy tax? The speculation and...
- Get Help With The Speculation and Vacancy Tax
Enquiries. To speak with an agent about the speculation and...
- Exemptions
Some entities are always exempt from the speculation and...
- How The Tax Works
The speculation and vacancy tax is designed to turn vacant...
- When to Expect Your Letter
Important dates. Speculation and vacancy tax letters will be...
- Individuals
People who own residential property within designated...
- B.C. Residents
The tax credit cannot be carried forward to future years or...
- How to Declare
Apr 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.
Apr 9, 2024 · The following forms are available for the speculation and vacancy tax: Use this form to authorize or cancel a representative (such as a family member, legal or financial representative): Late payment (s) for speculation and vacancy tax will result in a penalty being applied.
Jan 15, 2024 · Important dates. Speculation and vacancy tax letters will be mailed in January and February 2024. Jan 19, 2024 – declaration period opens. Mar 31, 2024 – declaration due. Apr 2024 – most tax notices mailed. Jul 2, 2024 – tax payment due. Get help.
AreaPostal CodeMailing Dates*AbbotsfordV2S, V2T, V3G, V4XJanuary 25-26AldergroveV2Z, V4WJanuary 26AnmoreV3HFebruary 1BrackendaleV0NJanuary 19- Updating Your Information
- Helping A Friend Or Family Member
- Declaring When An Owner of The Property Is deceased
- Being Away from Home During The Declaration Period
- Missing The Declaration Deadline
Speculation and vacancy tax declaration letters are mailed to the address on file with BC Assessment and with the Land Title and Survey Authority (LTSA). Follow the processes outlined by LTSA to update your information with the land title office: 1. Update for a name change or remove someone from title 2. Update your mailing address on title If you...
You can help a friend or family member complete their declaration online or over the phone. Learn more about how to declare.
When the deceased was the only person on title, the person who is legally responsible for managing the estate is responsible for declaring the speculation and vacancy tax on behalf of the estate of the deceased, until the estate is concluded. An exemption for the death of an owner applies in the year of death and the immediately following year. If ...
If you are away from home during the declaration period, you still have to ensure you declare before the declaration deadline. However, if you have not received your letter because you’re travelling, call us before the deadline and we can help you complete your declaration over the phone. You still must declare before the deadline, even if you have...
The annual deadline to submit your declaration for the speculation and vacancy tax is March 31 each year. If you do not complete your declaration before the deadline, you’ll receive a tax notice charging you the tax at the maximum tax rate. However, the administrator may examine and assess late declarations. Find more information about how to get h...
Jan 17, 2024 · Homeowners in designated taxable municipalities covered by the speculation and vacancy tax will soon receive their annual declaration letters, as part of the Province’s work to fight real estate speculation and deliver more homes to people.
eTaxBC - Province of British Columbia
