Exemptions for the speculation and vacancy tax

Residential property owners within designated taxable areas of B.C. may be eligible for an exemption from the speculation and vacancy tax.

Review the details of each exemption and see examples for:

• Individuals
• Land under development
• Corporations, trustees and business partners

Some entities are always exempt from the speculation and vacancy tax under a special provision. These groups do not need to complete a declaration, including:

• An Indigenous Nation or a corporation owned by an Indigenous Nation
• Registered charities
• Housing co-ops
• Certain not-for-profit organizations
• Municipalities, regional districts, governments and other public bodies
• Corporation owned by municipalities or regional districts
• Corporations incorporated or continued through an enactment ("crown corporations")
• Corporations designated as "agents of government" by legislation, and their wholly owned subsidiaries

This information is provided for your convenience and guidance and is not a replacement for the legislation.