BC SPECULATION & VACANCY TAX

Homeowners in British Columbia should have already received their annual declaration letter and code from the Ministry of Finance Property Tax Branch. This letter is part of the process for the property tax declaration, which is required for all eligible properties in the province.

The deadline for property owners to complete their declaration is March 31st, 2025. It’s important for homeowners to submit their declarations on time to avoid potential penalties or complications regarding their property taxes.

Additionally, owners should be aware that new taxable areas have been added to the list this year. These include Coldstream, Comox, Courtenay, Cumberland, Kamloops, Lake Country, Parksville, Peachland, Penticton, Qualicum Beach, Salmon Arm, Summerland, and Vernon. Homeowners in these areas will need to complete the necessary steps for their property tax declaration as well.