Vancouver’s Empty Homes Tax

Vancouver home owners must complete a property status declaration by February 2, 2022, whether the home is occupied as a principal residence, rented, vacant, or eligible for an exemption.

If a property is co-owned, only one owner is required to declare.

A $250 bylaw fine will apply to declarations received after this due date.

For vacant properties, the tax rate is three per cent of its 2021 assessed taxable value. This rate has increased from 1.25 per cent in 2020.

Declarations can be made online.

Declaration instructions are available in traditional Chinesesimplified ChinesePunjabiTagalog, and Vietnamese on Vancouver’s website.

BC Speculation and Vacancy Tax

Letters will be mailed in January and February 2022.  Declarations are due March 31, 2022.

  • January 19, 2022 – declaration period opens
  • March 31, 2022 – declaration due
  • April-May 2022 – most tax notices mailed
  • July 4, 2022 – tax payment due

Here’s how to make a declaration.

Unless a property owner has an exemption, the tax rate is:

  • 2% for foreign owners and satellite families
  • 0.5% for British Columbians, and other Canadian citizens or permanent residents, who are not members of a satellite family

BC owners are eligible for a tax credit of up to $2,000 on secondary properties to offset their tax payable.

If a residential property has multiple owners, the tax is divided among each owner based on their ownership share.

The tax applies to these taxable regions.

Declare online.

Read What’s new in the Speculation and Vacancy Tax

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