Letters on way to all homeowners in B.C. speculation tax communities

Property owners have to register to avoid vacant-home tax

Finance Minister Carole James and B.C. Green leader Andrew Weaver announce compromise on speculation tax on empty homes, B.C. legislature, Oct. 18, 2018. (Tom Fletcher/Black Press)

Owners of vacation properties captured by B.C.’s new empty-home tax will begin receiving letters this week telling them how they must declare they are exempt from the tax.

The deadline for registering to avoid the 0.5 per cent additional property tax is March 31, according to the finance ministry, which emphasizes that the pared-down tax will apply to fewer than one per cent of the property owners in the project.

All property owners in the affected areas should receive the letters by Feb. 28. They will have to register to avoid the tax by the deadline of March 31 or be billed on their property taxes for a vacant home. Registration can be done at a new website, www.gov.bc.ca/spectax or by phoning 1-833-554-2323. The registration process is expected to take up to 20 minutes, and those who are not exempted have until July 2 to pay the tax.

RELATED: NDP retreats again on B.C. empty home tax

RELATED: Weaver reminds Nanaimo voters he ‘fine tuned’ tax

After protests from urban municipalities and extended negotiations between the NDP government and the B.C. Green Party, the property tax now applies only to Metro Vancouver, Greater Victoria and the municipalities of Nanaimo, Lantzville, Abbotsford, Chilliwack, Mission, Kelowna and West Kelowna. The rate was reduced to 0.5 per cent for all Canadian owners at the insistence of B.C. Green leader Andrew Weaver, who earlier objected to it being applied to vacation homes in the Gulf Islands.

Within those communities, identified as having low vacancy rates, owners of additional homes that are not their private residences can exempt themselves from the tax by renting it out at least six months of the year.

“By completing the declaration and registering to claim an exemption, British Columbians will help identify speculators and empty homes, allowing the government to crack down on speculation and make housing more affordable,” the ministry said in a statement released Tuesday.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

Double lung transplant gives West Shore man second chance

Co-owner of West Shore Barber Shop grateful for every minute of the 16 years transplant has provided

Hallmark movie filming in Oak Bay

Shooting for ‘Sunshine’ continues into June across Greater Victoria

City says traffic pattern on Bay Street Bridge will stay as is until October

Commuters began facing long waits on Tuesday morning after the east-bound lane was closed

Home where Proctor murder took place removed from Langford’s Affordable Housing Program

Langford woman almost purchased home, decided against it after hearing history

PHOTOS: Victoria youth continue to gather for climate action

Local students participated in a global movement calling for climate action

New airline regulations bring compensation for tarmac delays, over-bookings

Some of the new regulations will roll out in July, while others are expected for December.

Pacific Rim National Park Reserve investigating after sea lion found shot in the head

Animal is believed to have been killed somewhere between Ucluelet and Tofino

POLL: Were you satisfied with the Game of Thrones series finale?

Millions gathered in front of their televisions Sunday night to watch the… Continue reading

Greater Victoria wanted list for the week of May 21

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

B.C. port workers set to strike on Monday in Vancouver

A strike at two container terminals would affect Canadian trade to Asia

Volunteers already rescuing fry from drying creekbeds around Cowichan Lake

It’s early but already salmon fry are being left high and dry

So, they found ‘Dave from Vancouver Island’

Dave Tryon, now 72 and living in North Delta, will reunite with long-ago travelling friends in Monterrey, Calif.

Scheer says it would take Conservatives five years to balance budget

Scheeraccused the Liberal government of spending $79.5 billion of previously unbudgeted funds

Most Read