If you are a homeowner in the Province of British Columbia, you have to declare your BC Speculation & Vacancy tax exemption by the March 31, 2023 deadline. All owners on title must each make a separate declaration.
Do this online via gov.bc.ca/spectax.
The tax expanded in January to more communities experiencing housing shortages, including North Cowichan, Duncan, Ladysmith, Lake Cowichan, Lions Bay and Squamish. But those areas won’t need to declare until the 2024 tax year.
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