• Page Views 1716
  • A total of 11 percent of Vancouver homeowners have not yet submitted their Empty Homes Tax declarations and only have before the February 2 deadline or their properties will be deemed vacant and subject to the Empty Homes Tax.

    To date, 89 percent of all residential property owners have submitted declarations and the City would like to thank those who have declared early and urge the remaining 11 percent to complete the process prior to February 2 by going online to vancouver.ca/eht-declare, calling 3-1-1 or visiting City Hall.

    Residential property owners who fail to declare by February 2, 2018, will have their properties deemed vacant and will be subject to the Empty Homes Tax at a rate of one percent of the property’s 2017 assessed taxable value. They will also be subject to a $250 penalty for non-declaration.

    “It’s important that all owners of Class 1 Residential property in Vancouver are aware they are required to submit a declaration by February 2, or their property will be subject to the tax and additional penalties,” said Patrice Impey, Chief Financial Officer, and General Manager, Finance, Risk & Supply Chain Management.

    Impey added: “Even if a homeowner occupies their property as their principal residence, rents the home to tenants, or is eligible for an exemption, they are still required to submit a declaration so the City can determine whether the Empty Homes Tax applies to them.”

    The City recently initiated the audit program for the Empty Homes Tax in order to ensure homeowners are compliant with the new tax. The audit program, which is in line with best practices of provincial and federal tax authorities, utilizes a risk-based approach as well as random audits.

    If homeowners’ properties are selected for audit, they will be notified by a letter requesting they provide information or evidence to support their declaration. False property status declarations may result in fines of up to $10,000 per day of the continuing offense, in addition to payment of the tax.

    Share

    New Posts Recently publish post More

    • Nathan Longchallon
      18 September 2020
      8 hours ago No comment

      Missing Man in Burnaby: Nathan Longchallon, 26

      The Burnaby RCMP is requesting the public’s assistance in locating 26-year-old Nathan Longchallon. Nathan was last seen walking north bound on Patterson Avenue near Victory Street in Burnaby at 3:30 p.m. on Tuesday, September 8, 2020. Nathan is described as 5 feet 8 inches tall, with a slender build, ...

    • 17 September 2020
      1 day ago No comment

      B.C. election looms, while chance of federal election lessens

      B.C.’s next provincial election is scheduled to happen on October 16, 2021. But it could take place earlier if the B.C. NDP government of Premier John Horgan decides to call an election earlier. Or if the Horgan government loses the confidence of the legislative assembly. By many indications, Horgan ...

    • 17 September 2020
      1 day ago No comment

      Dr. Theresa Tam’s update on COVID-19 

      Ottawa, ON – Public Health Agency of Canada In lieu of an in-person update to the media, Dr. Theresa Tam, Canada’s Chief Public Health Officer, issued the following statement: “There have been 138,803 cases of COVID-19 in Canada, including 9,188 deaths. 88% of people have now recovered. Labs across ...

    • 17 September 2020
      1 day ago No comment

      Prime Minister announces next steps for Safe Restart Agreement

      As we move into the fall and the world continues to deal with the impacts of COVID-19, the Government of Canada remains focused on keeping Canadians safe and healthy, while continuing to ensure they have the supports needed during this global health and economic crisis. The Prime Minister, Justin ...

    • 17 September 2020
      1 day ago No comment

      Amal Clooney urges PH to protect press freedom, honor international commitments

      International human rights lawyer Amal Alamuddin-Clooney on Tuesday urged the Philippine government to protect the free press and honor its international commitments on human rights. Speaking before Philippine business leaders in an online forum, Clooney said, “if you want to have a functioning democracy, protect the press. To protect ...

    %d bloggers like this: