skip to Main Content

Speculation tax declaration requirements under scrutiny

By Jeremy Hainsworth for Business in Vancouver

Requirements that B.C. taxpayers provide social insurance numbers, email addresses and phone numbers while filing speculation and vacancy tax declarations are being examined by the province’s information and privacy commissioner.

“We are aware of the concerns and our office is currently considering matters related to the collection, use, and disclosure of personal information for the purpose of administrating the speculation tax,” office spokeswoman Jane Zatylny said.

Vancouver Real Estate News, Market Updates, Insider Tips, Stats, & Analysis

Sign up for insider real estate news & tips from our podcasting team.

Are you a realtor? Click here
Selling Your Home? Click here

  • Reload
  • Should be Empty:

Finance Minister Carole James has said the tax targets foreign and domestic speculators owning residences in B.C. but not paying tax in the province; aims to turn empty homes into housing; and seeks to raise revenue to support affordable housing in communities where the tax applies.

Earlier this year, property owners received letters with a declaration identification number allowing them to go online and fill out a declaration. The form also asked for birthdates and for information on property – such as whether is it a principal residence or rented out.

Continue reading the full story here >>
 

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

As Seen and Heard On

Media enquiries and press contact info: media@vancouverrealestatepodcast.com

© 2019 Matt Scalena PREC* & Adam Scalena PREC* , all rights reserved • Site MapBy Line49 Web Design, Vancouver BC

*Considering a real estate transaction? One of the first decisions you will need to make is whether you should work with a licensed real estate professional who will represent you. Take a moment to read this important consumer protection information from the Real Estate Council of BC. This form explains the special legal duties that real estate professionals owe to their clients. CLICK HERE and please call 778-847-2854 or 778-866-4574 immediately if you would like to discuss.

Back To Top