B.C. and Vancouver each have their own taxes for homeowners not occupying or renting their residences. In B.C., there is a province-wide tax called the “Speculation and Vacancy Tax”, and Vancouver has its own specific “Empty Homes Tax”. These were originally brought in with the goal of targeting vacant properties, increasing vacancy rates and creating more affordable housing throughout the province. <\/p>\n\n\n\n
The government’s goal is to turn under-utilized properties into homes for people living and working in B.C. And people who own property in Vancouver also have a civic tax to pay for similar reasons. We’re liv.rent<\/a>, Canada’s safest rental platform, and we created a quick guide to the Empty Homes Tax to help you navigate: Because the implementation of these taxes can be confusing, This quick guide will show you everything you need to know about being taxed on an empty property in B.C.:<\/p>\n\n\n\n
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