Haven't filed your tax return? Expect to be hit by B.C.'s speculation tax

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Haven't filed your tax return? Expect to be hit by B.C.'s speculation tax
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Burnaby homeowner billed $27,000 in provincial speculation tax because she hadn\u0027t yet filed tax return

“It’s very stressful to get a bill for $27,000 from the government in the mail,” she said. “If someone gets a bill for $27,000, it will up your heart rate a bit.

The tax applies to owners of empty homes in the Metro Vancouver, Victoria, Nanaimo and Kelowna metropolitan areas. Next year, it will also apply to North Cowichan, Duncan, Ladysmith and Lake Cowichan on Vancouver Island and to Lions Bay and Squamish.Article content “I sent an email on June 2, asking for an apology and for them to cease and desist” what she called harassment.

“Income tax returns have no relationship to this tax,” she said. “Why are these two sets of data regarding personal private information being linked?”

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