Speculation Tax Exemption Application Tips

The latest regulations around the Speculation Tax have been a major topic lately.  This is an Opt-Out tax so even if you don't have to pay the tax, you still have to fill out the appropriate forms to receive an exemption or you could see a hefty tax bill in your mailbox. 

This video outlines a few of the things you need to remember:

1) watch for your letter and if you don't receive it make sure you find out how to get one

2) note the individual codes in the letter required for you to fill out the form online

3) have your Social Insurance Number handy along with the codes

4) all parties on title have to register for each property

5) if you have any questions, call the toll free number 1(833)554-2323 open from 8 til 8 seven days a week.


No comments

Post Your Comment:

Your email will not be published
Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Real Estate Board of Greater Vancouver (REBGV), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the REBGV, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the REBGV, the FVREB or the CADREB.