SPECULATION AND VACANCY TAX REMINDER

Just a reminder that you must submit your Speculation and Vacancy Tax exemption declaration by March 31, 2019.

Failure to declare by March 31, 2019 will result in your property being subject to a tax of 0.5% (Canadian citizens or permanent residents of Canada) or 2% (foreign owners and satellite families) of the property’s 2018 assessed taxable value.

If your property has more than one owner, even if the other owner is your spouse, a separate declaration must be made for each owner.

Your declaration should take approximately three minutes to complete online or call 1-833-554-2323.

What you will need:

  • Your declaration code and letter ID [these can be found on your declaration letter]
  • You social insurance number (SIN).

Call me or visit gov.bc.ca/spectax for more information.