Out-of-country owners of waterfront homes on the Saanich Peninsula fear they may have to sell if the Province enacts its speculation tax. (Steven Heywood/News Staff)

More than 80% of B.C. speculation and vacancy tax declarations submitted

Registration can be done at a dedicated website or by phoning 1-833-554-2323 before March 31

A majority of B.C. homeowners have completed their speculation and vacancy tax forms ahead of the March 31 deadline.

The province said Friday that 80 per cent of the declarations have been finished, with nine-in-ten completed online.

The forms must be filled out by property owners who have homes or extra properties in regions where the taxes are in effect. Every homeowner must register to opt out of the 0.5-per-cent tax.

Registration can be done at this website, or by phoning 1-833-554-2323. The process takes up to 20 minutes.

READ MORE: Seniors with unrentable homes in Belcarra, B.C., face huge speculation tax bills

After the deadline, those who are not exempted will have until July 2 to pay the tax.

The propert tax applies to Metro Vancouver, Greater Victoria, and the municipalities of Nanaimo, Lantzville, Abbotsford, Chilliwack, Mission, Kelowna and West Kelowna.

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

‘It’s job No. 1 right now’: B.C.’s Harmac Pacific providing pulp for critical medical supplies

Bryan Reid Sr. of Williams Lake said they received a call of thanks from Canada’s Chrystia Freeland

Williams Lake establishes $100K emergency fund in response to COVID-19

Emergency fund will enable City to provide assistance during pandemic

Williams Lake Garden Club creates new community seed library

For now residents can request seeds for pick up or delivery due to COVID-19 precautions

COVID-19: 4 new deaths, 25 new cases but only in Vancouver Coastal, Fraser Health

A total of 1,291 people have tested positive for the novel coronavirus

B.C. secures motel, hotel rooms for COVID-19 shelter space

Community centres, rooms reserved for pandemic self-isolation

Sanders drops 2020 bid, leaving Biden as likely nominee

Sanders plans to talk to his supporters later Wednesday

B.C. faith leaders, Horgan discuss need for virtual religious ceremonies

Leaders were open to providing other ways to celebrate during the pandemic

Emergency COVID-19 funding now available for children with special needs

Funding to be used to help support families through uncertain times of pandemic

Revenue dip needed to qualify for wage subsidy drops to 15% in March: Trudeau

Wage subsidy would over 75% of each employee’s salary for qualifying businesses

B.C. closes all provincial parks for COVID-19 protection

Easter weekend approaches, camping already closed

Air Canada says it will apply for wage subsidy to rehire workers after cutting 16,500 jobs

Air Canada said March revenues fell by more than 30 per cent year over year

Most Read