Exemptions for the speculation and vacancy tax
Over 99% of British Columbians are exempt from the speculation and vacancy tax. Generally, a British Columbian owner is exempt from the tax if the home is their principal residence.
Exemptions for individuals and corporations are also available for circumstances such as major home renovations and life events such as divorce, hospitalization, or extended absence.
Review the details of each exemption and see examples for:
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This information is provided for your convenience and guidance and is not a replacement for the legislation.