The Empty Homes Tax will be applied annually, with the first tax year beginning on January 1, 2017.
In December 2017, all owners of residential property in Vancouver will receive a property status declaration notice for the 2017 calendar year. Declarations will be due between December 2017 and February 2, 2018.
Property status declaration (for 2017): February 2, 2018
Empty Homes Tax payment: April 16, 2018
Unpaid tax added to property tax bill: December 31, 2018
Homes that are deemed empty will be subject to a tax of 1% of the property’s assessed value.
Most homes will not be subject to the tax, as it does not apply to principal residences or homes rented on a long-term basis.
Net revenues from the Empty Homes Tax will be reinvested into affordable housing initiatives.
Determine if your property will be subject to the Empty Homes Tax.
Learn how the Empty Homes Tax will be enforced, how to avoid penalties, and what evidence will be required if you are audited.
Find out more about the Empty Homes Tax: why we have the tax, our progress, documents, and more.