Money collected from new speculation tax will go to affordable housing, such as is underway by Maple Ridge-Pitt Meadows Community Services on 119th Avenue.

Money collected from new speculation tax will go to affordable housing, such as is underway by Maple Ridge-Pitt Meadows Community Services on 119th Avenue.

Web poll: Should the NDP scrap its speculation and vacancy tax?

Homeowners have until March 31 to claim an exemption.

  • Jan. 30, 2019 2:00 p.m.

Letters from the Ministry of Finance, including declaration codes, are being mailed to every residential address in Metro Vancouver and the Fraser Valley, informing home, condo and townhouse owners that they have until March 31 to claim an exemption from the new speculation and vacancy tax.

Any homeowner who doesn’t declare an exemption will pay a tax of either 0.5 per cent of their property’s assessed value, if they’re a Canadian citizen or permanent resident, or two per cent if they’re foreign owners.

However, if your home is your principal residence where you live most of the year, and you’re a citizen or permanent resident, you’re exempt from paying the tax.

If the home or condo is rented out at least six months of the year, it also can be exempt. The province also tries to address a raft of other scenarios on its site.

If your home is in both spouses’ names, both you and your spouse have to apply.


Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Police tape is shown in Toronto Tuesday, May 2, 2017. (Graeme Roy/The Canadian Press)
CRIME STOPPERS: ‘Most wanted’ for the week of Feb. 28

Crime Stoppers’ weekly list based on information provided by police investigators

Phyllis Neufeld was on the Alouette River dike in Pitt Meadows on Wednesday, Feb. 17, 2021, when she took this photo. (Special to The News)
SHARE: Sun breaks through a rainy Pitt Meadows sky

Send us your photo showing how you view Maple Ridge or Pitt Meadows, and it could be featured soon.

The artwork is by Caitlin Legault who is not the only local person grateful to those who work in health care. A local letter writer recently had to go to hospital and wanted everyone there to know that their efforts are appreciated. (Special to The News)
LETTER: Pitt Meadows letter writer grateful for all those who cared for her at hospital

Staff in every department worthy of praise, local woman says

Devin Martinson sent in some views that caught his eye. (Special to The News)
SHARE: Urban and rural views of Maple Ridge

Send us your photo showing how you view Maple Ridge or Pitt Meadows, and it could be featured soon.

Ron Paley didn’t let the rain stop him from exploring Golden Ears Park on Alouette Mountain recently. (Special to The News)
SHARE: The eerie beauty of Golden Ears Park

Send us your photo showing how you view Maple Ridge or Pitt Meadows, and it could be featured soon.

Abbotsford’s Kris Collins turned to TikTok out of boredom when the provincial COVID-19 lockdown began in March 2020. She now has over 23 million followers on the video app. Photo: Submitted
Internet famous: Abbotsford’s Kris Collins is a TikTok comedy queen

Collins has found surprise stardom alone with a phone

Alina Durham, mother of Shaelene Bell, lights candles on behalf of Bell’s two sons during a vigil on Saturday, Feb. 27, 2021. (Jenna Hauck/ Chilliwack Progress)
VIDEO and PHOTOS: Candlelight vigil for missing Chilliwack woman sends message of hope

Small group of family, friends gathered to shine light for 23-year-old mother Shaelene Bell

A Vancouver restaurant owner was found guilty of violating B.C.’s Human Rights Code by discriminating against customers on the basis of their race. (Pixabay)
Vancouver restaurant owner ordered to pay $4,000 to customers after racist remark

Referring to patrons as ‘you Arabs’ constitutes discrimination under B.C.’s Human Rights Code, ruling deems

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Approximate location of the vehicle incident. (Google Maps)
Vehicle incident blocking Coquihalla traffic in both directions

Both directions of traffic stopped due to vehicle incident

Judith Uwamahoro is Black, approximately 4’7″ tall, 80 pounds and has short black hair and brown eyes. (Surrey RCMP handout)
UPDATED: Lower Mainland 9-year-old located after police make public plea

Judith Uwamahoro went missing Friday at around 4 p.m. in Surrey

Five-year-old Nancy Murphy wears a full mask and face shield as she waits in line for her kindergarten class to enter school during the COVID-19 pandemic on Tuesday, September 15, 2020. THE CANADIAN PRESS/Nathan Denette
Variant of concern linked to COVID-19 outbreak at three Surrey schools

Cases appear to be linked to community transmissions, but schools will remain open

Nanaimo children’s author and illustrator Lindsay Ford’s latest book is ‘Science Girl.’ (Photo courtesy Lindsay Ford)
B.C. children’s writer encourages girls to pursue the sciences in new book

Lindsay Ford is holding a virtual launch for latest book, ‘Science Girl’

BC Ferries experienced heavy traffic on Feb. 27 following cancellations the day before due to strong winds and adverse weather. (Black Press Media file photo)
BC Ferries sailings fill up quickly after Friday cancellations due to high winds

Waits expected on Swartz Bay-Tsawwassen route, Horseshoe Bay-Departure Bay route

Most Read