Speculation Tax Exemption Declaration Form

Speculation Tax Exemption Declaration Form | CFIB

If your residential property falls within one of the “designated taxable regions”, as identified by the BC provincial government (below), you either have fill out the exemption declaration form that you received in the mail (you may do so online) by March 31, 2019, or you will have to pay the new Speculation Tax.

Are you in a taxable region but didn’t receive your exemption declaration form in the mail? Contact the provincial government immediately:

Toll-Free: 1 (833) 554-2323
Outside North America: 1 (604) 660-2421

Designated Taxable Regions

Municipalities within the Capital Regional District. This excludes Salt Spring Island, Juan de Fuca Electoral Area, and the Southern Gulf Islands
Municipalities within the Metro Vancouver Regional District, excluding Bowen Island, the Village of Lions Bay and Electoral Area A, but including UBC and the University Endowment Lands
The City of Abbotsford
The District of Mission
The City of Chilliwack
The City of Kelowna
The City of West Kelowna
The City of Nanaimo
The District of Lantzville

How to Pay

You can pay the tax:

Online Using eTaxBC
Through your bank or financial institution (allow 3-5 business days for the payment to be received by the due date)
At certain government offices
By mail

What we’ve done so far

You have told us that government imposed red tape is one of your biggest concerns. Although the majority of British Columbians will be exempt from this tax, CFIB has advocated on your behalf to scrap or reconsider this tax, as you are now being forced to fill out more paperwork for something that doesn’t apply to your business. Our BC legislative team has met with the Minister of Finance Carole James to discuss alternatives. We will continue to work hard to eliminate time-consuming red tape and costly taxes such as this.

May 17, 2021

Topics in this Article: Tax Compliance

Speculation Tax Exemption Declaration Form