New Tax For Empty Homes

First thing first, foreigners who stashed their money in Canadian real estate (never mind legality status of the fund ), and for those who never occupy the properties, they will soon have to pay a little more to maintain their “empty nests” … with the newly proposed Vacancy Tax a.k.a Empty Home Tax in Vancouver: –

Empty home tax coming to Vancouver

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The designation would trigger the city to charge extra taxes on empty or under-occupied investment properties. Thank you … The second option is for the city to establish a new business tax for empty and under-occupied homes held as investment …
Vancouver Empty Homes Tax Could Happen Without Province: Mayor 
Vancouver mayor pushes B.C. to tax empty homes 

Tax foreign investors who buy Vancouver real estate: CIBC economist

CBC.ca – ‎Jun 20, 2016‎
The deputy chief economist at one ofCanada’s largest banks is calling for the taxation of foreign real estate speculators, saying it’s the best way to cool down Vancouver’s red-hot market without causing a collapse.

And it’s tax time …

Possible mail disruption triggers warning about paying property taxes early

A looming strike or lockout at Canada Post has prompted a warning to homeowners to get their property tax cheques in the mail early, or risk a possible late fine.
Mail deadline for property tax is tomorrow 

Lineups expected as June 30 property tax deadline arrives

It’s property tax day in Regina, Saskatoon and many other communities. June 30 is the deadline for paying taxes due to the municipality, the local school board and the public library.
Elsewhere …

Why Calgary businesses have the lowest property tax rate but not the lowest tax burden

How does Calgary’s tax rate compare to other cities? Quite well, if you’re looking at the tax rate, which is a common way to compare one city to another, but doesn’t tell the whole story.

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