BC government has announced that it is opening up the exemption process for BC Speculation Tax. Declaration opens on January 21, 2019 and It will be up to homeowners to apply for exemptions, with a deadline of March 31.
Those who don’t apply, or qualify, will be sent tax bills due to be paid by July 2. The opt-out process will become an annual event for property owners under the new speculation tax rules. People who pay mistakenly can get a rebate within six years, according to the ministry.
For more information on exemption and qualification details and tax rate, please visit BC Government Speculation and Vacancy Tax page.
Contact your Reva Realtor for any additional information today!
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