Vancouver Empty Homes Tax Affected Areas:
The City of Vancouver
February 2nd 2024
The Empty Homes Tax is a Municipal Tax for Residents of The City of Vancouver. Vancouver homeowners are required to submit a declaration each year to determine if their property is subject to the Empty Homes Tax. Properties deemed or declared empty in the 2023 reference year will be subject to a tax of 3% of the property’s 2023 assessed taxable value. Speculation & Vacancy Tax
March 31st, 2024
The Speculation & Vacancy Tax is a Provincial Tax for most BC Residents. Affected homeowners are required to submit a declaration each year to determine if their property is subject to the Spec & Vac. Tax, and is based on how owners use residential properties most by the current housing shortage.
Underused Property Tax
This applies to all foreign national owners of housing in Canada
April 30th, 2024
The Underused Housing Tax is a Federal Tax mainly for foreign national homeowners. It is a 1% tax on the ownership of vacant or underused housing in Canada that took effect n January 1, 2022.
Keith Baker | firstname.lastname@example.org | 604.723.5363
Jackie Zerbe | email@example.com | 604.724.6982