BC Speculation and Vacancy Tax / Vancouver Empty Homes Tax
Ownership of vacant properties in British Columbia is currently subject to the “BC Speculation and Vacancy Tax” (SVT), which is wholly separate and apart from the Vancouver Empty Homes Tax (EHT) which applies to properties in Vancouver proper.
The provincial government has phased exemptions for the SVT, which are changing this year, 2022. It is beyond our expertise to provide advice to homeowners on the tax implications of these changes, but we can refer Owners for whom this tax applies to the official website. We encourage anyone who does not occupy their property as their full time domicile to independently research both the SVT and the EHT and how one or both may apply to your properties.