BC Assessment develops and maintains real property assessments throughout British Columbia in addition to providing real property information.
The BC homebuyer tax calculator application is a free service offered by the British Columbia Real Estate Association. The information used to make the tax and exemption calculations is accurate as of January 30, 2019.
Note: this calculator should not be considered a substitute for professional accounting or legal advice.
The speculation and vacancy tax is an annual tax based on how owners use residential properties in major urban areas in B.C.
Everyone deserves an affordable place to call home, yet house prices and rent have skyrocketed out of reach for too many people. The provincial government is taking action to address this crisis through the annual speculation and vacancy tax, which will contribute towards:
- Turning empty homes into good housing for people who live and work in B.C.
- Supporting affordable housing initiatives
The Empty Homes Tax, also known as the “Vacancy Tax”, was introduced in 2017 to help return empty and under-utilized properties to the market as long-term rental homes for people who live and work in Vancouver.
Vancouver homeowners are required to submit a declaration each year to determine if their property is subject to the Empty Homes Tax.