Thursday 9 November 2017

Vancouver warns owners of empty homes to fill out new declaration forms, or face stiff fines

Vancouver's empty home tax will be charged on any homes left empty or occupied for less than six months per year


VANCOUVER — Vancouver, fighting a rental shortage in Canada’s most expensive property market, warned owners of empty homes on Tuesday that they faced stiff fines if they failed to fill out empty-home tax declaration forms that they had been sent in the mail.
Home owners who do not to submit the declaration by Feb. 2, 2018 will be automatically charged the 1 per cent tax on the assessed value of their home. Owners who make false claims will also face a steep fee of $10,000 per day, the city said.

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