Finance Minister Carole James presents her latest budget to the B.C. legislature, Feb. 19, 2019. (B.C. government)

B.C. speculation tax holdouts should talk to city hall, minister says

Deadline to file exemption was April 1, bills start going out in June

Urban B.C. property owners who didn’t get around to filling out their speculation tax declaration form by April 1 can expect to get a bill in June, but they can still register and escape the additional property tax for 2019.

Finance Minister Carole James says there will also be an opportunity for hardship cases to appeal to the local government in affected cities, and those will be reviewed when James meets with mayors this summer.

The finance ministry reports that more than 90 per cent of affected property owners have registered, and most of those won’t pay because they own only their principal residence or rent out additional properties for at least six months of the year.

People who missed the registration deadline can still do the declaration online, or ask questions by emailing spectaxinfo@gov.bc.ca or calling toll-free 1-833-554-2323 from 8 a.m. to 8 p.m. on weekdays.

Even if they receive a bill because of late registration, they won’t have to pay if they qualify for the exemption, James said. And those who have a case that the tax is an undue burden should take it up with their municipal council.

“That’s exactly why we have meetings with the mayors, so we can have those conversations,” James told reporters at the B.C. legislature Wednesday. “And as I’ve said all along, if changes need to be made, if there’s a good case for taking a look at that, we’ll take a look at that.”

READ MORE: Seniors with unrentable cabins face big tax bills

COLUMN: Negative-option billing for speculation tax unpopular

Waterfront cabin owners from Belcarra came to the B.C. legislature in March to protest that rising land values captured their rustic retreats, despite a lack of road access and water service that makes them unable to be rented.

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 of property value for all Canadian owners at the insistence of B.C. Green leader Andrew Weaver, who earlier objected to it being applied to rural vacation homes in the Gulf Islands.

For foreign owners and “satellite families,” where much of the household income is not taxed in Canada, the rate is two per cent of the assessed value.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

Just Posted

RANCH MUSINGS: No till pasture rejuvenation and silvopasture trials: up-coming event

You can read about on farm research but seeing it and discussing it with others is a much better way

International students get history lesson at Little Red Schoolhouse

The Little Red Schoolhouse at 150 Mile House hosted six students from Matsuyama, Japan

Cycling club excited to open new beginner trail on Fox Mountain

Dubbed ‘Fox Fire,’ the trail parallels Fox Mountain Road from Mason Road to Ross Road

Watch: Blackberry Wood keeps the show going despite the rain

While a turn in the weather ended the night, the lakecity was still treated with excellent music

FOREST INK: Forest tenure changes are occurring throughout the world

Jim Hilton discusses why who or what owns the world’s forests matters to the industry

70 years of lifting: Canadian man, 85, could cinch weightlifting championship

The senior gym junkie is on track to win the World Masters Weightlifting championship

Advocates ‘internationalize’ the fight to free Raif Badawi from Saudi prison

Raif Badawi was arrested on June 17, 2012, and was later sentenced to 1,000 lashes and 10 years in jail for his online criticism of Saudi clerics

RCMP, search crews hunt for 4-year-old boy missing near Mackenzie

George went missing early Saturday afternoon

Canadian entrepreneurs turning beer byproduct into bread, cookies and profits

Some breweries turn to entrepreneurs looking to turn spent grain into treats for people and their pets

Canada ‘disappointed’ terror suspect’s British citizenship revoked

Jack Letts, who was dubbed “Jihadi Jack” by the U.K. media, has been detained in a Kurdish prison for about two years

Chrystia Freeland condemns violence in Hong Kong, backs right to peaceful assembly

There have been months of protests in the semi-autonomous region

B.C. VIEWS: Log exports and my other errors so far in 2019

Plastic bags, legislature overspending turn out differently

Most Read