171fc14b49a79ea979710de5b3402b30

BC Speculation & Vacancy Tax

The deadline to declare your property is March 31, 2020. If you received a letter in the mail, simply go online to complete the declaration.   https://www.etax.gov.bc.ca/SVT/_/

If you did not receive a letter, you will need to call to get the declaration code number and letter ID. 1-833-554-2323 toll-free

Don’t forget that ALL owners listed on the property must call and declare. For example, if you and your partner BOTH own the property, you must BOTH call or go online and declare ownership separately. 

**Reminder- THIS tax is separate from the “Vancouver Empty Homes Tax”

Below are additional helpful links from the BC Government, if you need any further information. 

BC Government Official site: https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax

Video: https://youtu.be/ffX9joEXXE8

Stay informed

October 28, 2024

Webinar on New Tax Rules on Capital Gains – Watch it Here.

Canada’s capital gains tax rules changed in June 2024. If you plan to sell or transfer any investments, holdings, properties or a business, you could face a much bigger tax…

September 12, 2024

2024 Federal Budget – Capital Gains Inclusion Rate Increase

The 2024 Federal Budget proposes increasing the capital gains inclusion rate for dispositions occurring on or after June 25, 2024. The inclusion rate increase will apply to individuals, corporations and…

January 2, 2024

Understanding the New T3 Trust Reporting Requirements

Good afternoon, My name is Julia, and I am here to discuss the new reporting requirements for trusts. These rules will apply to Trusts that have tax years ending after…