The deadline for the British Columbia Speculation and Vacancy Tax declaration is quickly approaching on March 31st, less than two weeks away. This annual tax aims to address housing affordability by encouraging owners to rent out vacant homes and reducing speculation in BC’s real estate market.

Property owners in specified regions including Metro Vancouver, Greater Victoria, and Kelowna are required to declare the occupancy status of their residential properties. Properties not occupied by owners or tenants for at least six months of the year may be subject to this tax, with rates varying depending on citizenship and residency status.

To avoid penalties, all affected property owners must complete their declaration by the March 31st deadline. For further details or assistance in making your declaration, you can speak directly with a live agent by calling 604-342-1015 or toll-free at 1-833-554-2323.

For comprehensive information, FAQs, or to submit your declaration online, visit the official website at gov.bc.ca/spectax. Ensure you submit your declaration promptly to stay compliant and avoid potential fines or penalties.