The Speculation and Vacancy Tax is a provincial tax applicable to residential property owners in British Columbia. The tax is based on the type of ownership of the residential property. Speculation and Vacancy Tax Exemption Phasing Out in 2022 There are numerous exemptions to the Speculation and Vacancy Tax. One exemption is phasing out starting…
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Do you need to pay for the vacancy and speculation tax as a homeowner? As a homeowner, there are many taxes to account for and Vacancy and Speculation Tax is one on the list. It is a provincial tax that applies to homeowners in British Columbia. Vacancy and speculation tax is not the same tax…
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You may be wondering what is the difference between Empty Homes Tax and Speculation and Vacancy Tax. Some people think that the two taxes are synonymous. However, that is not the case with the taxes. If you are a Vancouver property owner, knowing the difference between the two taxes is important. What is…
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