Vancouver: Property Taxes

vancouver: But unlike Vancouver proposal to exempt rented homes and target only those left vacant, West Vancouver tax would apply to all homes that are not the owner own principal residence. "It has nothing to with vacancy," he says, according to CBC. Cameron says this model would be easier to enforce. "I think there are great challenges in implementing the vacant home tax.... Where do you draw the line between whether the house is vacant and isn't vacant. Councillor Craig Cameron said the idea is much simpler. "We are proposing a house tax that applies to all houses that somebody owns that are not designated their principal residence." Cameron says much like Vancouver vacant home tax, people would have to declare if a home is a principal residence when they pay their property taxes. Someone who goes away to Palm Springs for three months — is that house vacant or not And unlike the province 15 per cent foreign buyers tax, it has nothing to do with the citizenship of the owner. At the moment, owners of investment properties are already excluded from claiming the provincial home owner grant, which only applies to principal residences. But Cameron notes it will affect those who don't pay income tax in Canada, because once they designate a home in Canada as a principal residence, they will to start. "It will make people think twice about claiming a principal residence if they don't want to also pay income tax in Canada," he says. (www.immigrantscanada.com). As reported in the news.