The Province of BC has introduced the Speculation and Vacancy Tax.
(Not to be confused with the Empty Home Tax (EHT) for the City of Vancouver (only). These are two separate taxes to be treated as such.)
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 Social Insurance Number will be required to complete the declaration.
Due to the Privacy issues related to the Speculation and Vacancy Tax, VADA will not be completing the Speculation and Vacancy Tax Declaration on behalf of our clients.
You will need:
- Declaration code
- Letter ID
- Property Address
- Your Social Insurance Number
DECLARATIONS DUE: 31st March 2024