BC homeowners have begun receiving their Speculation & Vacancy Tax notices in the mail. The deadline to make your declaration is March 31st 2021. This is an annual filing requirement that homeowners are by this point well familiar, but for any new homeowners or those who require a refresher, please read on.

Once you receive your letter in the mail, go to the BC government website’s speculation tax page here.

On the right side of the webpage, click “Declare Now”.

The letter you received will include a Declaration Code and a Letter ID. You will require these to complete the declaration.

Note that joint owners must both file declarations.

It is always advisable to save a copy of your confirmation.

Weekly Update – By The Numbers

North America Friday Close Weekly Change Weekly % Change YTD % Change
Canada – S&P TSX Composite 18,060 -324 -1.76% 3.60%
USA – Dow Jones Industrial Average 30,932 -562 -1.78% 1.07%
USA – S&P 500 3,811 -96 -2.46% 1.46%
USA – Nasdaq 13,192 -682 -4.92% 2.36%
Gold Futures (USD) $1,733.00 -$50.10 -2.81% -8.71%
Crude Oil Futures (USD) $61.66 $2.65 4.49% 27.08%
CAD/USD Exchange Rate $0.7851 -$0.0076 -0.96% -0.10%
       
Europe / Asia Friday Close Weekly Change Weekly % Change YTD % Change
MSCI World Index 2,727 -79 -2.82% 1.38%
Switzerland – Euro Stoxx 50 3,636 -77 -2.07% 1.79%
England – FTSE 100 6,483 -141 -2.13% 0.34%
France – CAC 40 5,703 -71 -1.23% 2.74%
Germany – DAX Performance Index 13,786 -207 -1.48% 0.49%
Japan – Nikkei 225 28,966 -1,052 -3.50% 5.55%
China – Shanghai Composite Index 3,509 -187 -5.06% 1.04%
CAD/EURO Exchange Rate € 0.6499 -€ 0.0039 -0.60% 1.03%
Fixed Income Friday Close Weekly Change Weekly % Change YTD % Change
10-Year Bond Yield (in %) 1.4600 0.1150 8.55% 59.39%

 

 

Sources: Yahoo! Finance, CNBC.com, Government of British Columbia