Act before July 1, 2017 or you will be charged a 1% tax on its assessed value.
Rent your property by July 1 If your property is not a principal residence, eligible for an exemption, or rented out for at least six months* in 2017, it will be subject to the Empty Homes Tax. Properties that have not yet been rented will need to be occupied by a tenant no later than July 1 (and remain occupied for the remainder of 2017) in order to be excluded from the tax. To find helpful information about becoming a landlord, or a property management company to rent out your home, please visit landlordbc.ca or pama.ca * Homes must be tenanted for a minimum total of six months, in periods of 30 or more
Property status declarations for 2017 Every owner of residential property will have to make a property status declaration for the 2017 calendar year. In December, you will receive instructions outlining how to make this declaration, which will be due by February 2, 2018.
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