How to Pay Speculation and Vacancy Tax

The speculation and vacancy tax is due on the first business day in July (July 2 in 2019). However, you can pay the tax anytime after you receive a Notice of Assessment in the mail, which will show the amount of speculation and vacancy tax you owe.

You can pay the tax:

Note: If you’re paying from outside of Canada, you must pay in Canadian funds. You can wire transfer your payment through your financial institution or you can send us a postal money order or bank draft if your payment is greater than $500.

The speculation and vacancy tax can't be paid by credit card.

Late payments may be subject to interest at the rate of prime +3%. A penalty of 10% of any unpaid balance may be applied starting in the 2020 tax year.

Online Using eTaxBC

Pay your speculation and vacancy tax by enrolling for eTaxBC. To enrol for access to eTaxBC, you’ll need the following information:

  • Your account type: speculation and vacancy tax
  • Your account number shown on the Notice of Assessment or Statement of Account

If you already have an account for other taxes, you need to enrol for a separate eTaxBC account for speculation and vacancy tax.

Once you’re enrolled, you can pay the tax, set up your account for pre-authorized debit (PAD) payments or use this option to make a onetime post-dated payment. For help with eTaxBC, please call the eTaxBC support line at 1 877 388-4440.

Payments through eTaxBC can only be made in Canadian funds, from a Canadian bank account set up for online banking.

Bank or Financial Institution

You can pay your speculation and vacancy tax through the bank, credit union or other financial institution where you have an account. When you use your bank or financial institution, we recommend you always confirm when your payment will be processed by your bank to avoid late payment penalties or interest. For example, banks will often process payments received in the afternoon with the date of the next business day.

There are three ways you can pay the tax through your bank or financial institution:

Note: You can’t make a payment at a financial institution where you don’t have an account.

Bill Payment Service - Online Banking

To pay the tax using an online bill payment service through your bank, you'll need to add a payee for speculation and vacancy tax by using the following information:

  • Payee name:  BC – Stmt of Acct
  • Your account number shown on the Notice of Assessment or Statement of Account

You can also send us a post-dated payment via online banking (allow 3-5 business days for the payment to reach us by the due date).

For your records, write down the confirmation number generated when you complete your payment. This will help if we have to request a trace on the payment.

Wire Transfer

To successfully submit a payment through wire transfer, you must:

You may want to ask your bank if service charges apply.

Account Information (Wire Transfer)

Provide your bank the following account information:

Beneficiary Name:

Province of British Columbia

Beneficiary Address:

4th Floor - 1802 Douglas Street
Victoria, BC  V8T 4K6

Bank Name:

Bank of Montreal

Bank Address:

1225 Douglas Street
Victoria BC V8W 2E6

Beneficiary Account No.:

1988166

Bank Number:

001

Transit Number:

00120

Bank Code:

//CC 000100120

Swift:

BOFMCAM2

Description or Reference Field

Your account number

Validate Your Payment (Wire Transfer)

As soon as you make a payment, you must validate your payment by sending us the following payment details:

  • Your account number
  • The amount of your payment
  • The date your payment was made

You can send the payment details through:

  • Email at RSBCClientCare@gov.bc.ca with the subject line “Wire Transfer – [Your Amount] – [Your Account Number]”

           or

  • Fax to 250 405-4415attention Electronic Payments Clerk, Revenue Services of British Columbia

If you do not validate your payment, we cannot match your payment to your account. This may result in late payment penalties and interest may be charged.

Electronic Funds Transfer

To successfully submit a payment through electronic funds transfer (EFT), you must:

EFT payments take up to three days to get to us from your bank. Make sure you make your payment early enough to avoid additional interest.

If you don’t have an EFT account, you can set one up with your bank or financial institution. You should set up your EFT account well before your payment is due. You may want to ask your bank if service charges apply.

Account Information (EFT)

Provide your bank the following account information:

Account Name:

Province of British Columbia

Bank/No.:

Bank of Montreal (0001)

Bank Transit/Address:

00120
1225 Douglas Street
Victoria BC V8W 2E6

Account No.:

1988166

Validate Your Payment (EFT)

As soon as you make a payment, you must validate your payment by sending us the following payment details:

  • Your account number
  • The amount of your payment
  • The date your payment was made

You can send the payment details through:

or   

  • Fax to 250 405-4415, attention Electronic Payments Clerk, Revenue Services of British Columbia

Government Office

To pay at a government office, bring your payment and the remittance advice found at the bottom of your Statement of Account.

You can make your payment at one of the following locations:

  • In-Person - Service BC Centre
    Payments by cash, debit, cheque, bank draft or money order made payable to the Minister of Finance are accepted.
  • Drop Box Only - 1802 Douglas Street in Victoria 
    Drop off your envelope with payment by cheque, bank draft or money order made payable to the Minister of Finance.

Mail

To pay by mail you must send a cheque, bank draft or money order made payable to the Minister of Finance. Write your account number on your payment so your account can be easily identified when your payment is processed. Make sure you leave enough time for your payment to be received in our office by the due date. Postmark dates are not accepted as date of payment.

If you mail us a post-dated cheque, ensure the cheque is dated on or before the due date.

In an envelope, put in your payment and the remittance advice located at the bottom of your Statement of Account and send it to:

Speculation and Vacancy Tax
Property Taxation Branch
PO Box 9472 Stn Prov Govt
Victoria BC V8W 9V6