Speculation and Vacancy Tax Declaration Deadline Tomorrow
Despite the COVID-19 crisis, BC has refused to extend the deadline to complete the 2019 Speculation and Vacancy Tax (SVT) declaration, which remains due on March 31, 2020. Each registered owner of residential property in an affected area must complete the SVT declaration using the Declaration Code and Letter ID contained in a letter sent to them by the Province. The consequences of failing to declare include a potential assessment of the tax. The declaration can be made online at gov.bc.ca/spectax.