Speculation and Vacancy Tax Notices have just started to arrive to the addresses on file with BC Assessment. This would be the same address you receive your Property and/or Utilities tax notices and BC Assessment notice. Each person on title will be expected to make their own declaration. A ...
The speculation tax applies to secondary homes vacant for six months of the year or more in the designated cities of Abbotsford, Chilliwack, Mission, Kelowna, West Kelowna, Nanaimo, Lantzville, Metro Vancouver and the Capital Regional District around Victoria. All property owners in the affected re...
Following the global reaction to the impact of the COVID-19 pandemic [83], the tax was later suspended during the Government of Ontario’s emergency declaration from 17 January to 24 July 2020 [82]. The tax rate of 15 percent is applied to the sale price of a residential property ...