Exemptions for Speculation and Vacancy Tax

Over 99% of British Columbians are exempt from the speculation and vacancy tax. Generally, an 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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The speculation and vacancy tax has received Royal assent in the Legislature. This information is not a replacement for the law.