The Speculation and vacancy tax is a provincial property tax levied in the Province of British Columbia starting in 2019. It is an opt-out tax paid when the property is vacant. It is paid in addition to the regular property tax. The rate for this tax is a half per cent of a home's assessed value for owners who are residents of British Columbia (BC), one per cent for Canadians from other provinces and two percent for owners from other countries. Homes that are not exempt from this tax, pay it in addition to their regular property tax. This tax is not to be confused with Vancouver's empty homes tax, which is also being levied on empty homes located in the city of Vancouver.
All owners of homes in British Columbia are invited to fill out applications for exemption from this tax every year. If a home is owned by more than one person, for example a couple, all owners must complete a separate application for exemption. A part-owner who does not file for an exemption must pay the tax based on their proportional part of the assessed value even if the home is occupied. Tens of thousands of homeowners have not filed for exemption by March 30, 2019.
The BC Goverment says the tax is a "key measure in tackling the housing crisis in major urban centres in British Columbia". It says that it took this action because the people who live and people who work in BC deserve to have affordable housing. According to the goverment, the tax is a part of it's 30-Point Plan to make housing more affordable. The tax is Targeted at speculators who own homes in BC but do not pay taxes. It changes empty homes into occupied housing. It also creates revenue which will pay for affordable housing.
This tax is levied on empty homes in most urban centers:
Within these areas, any reserve lands, treaty lands, or self-government First Nations are exempt.
The rate of the tax for all Canadians has been lowered to one half of a percent. This happened after negotiating between the NDP Party and the Green Party.
Some commentators such as Douglas Todd believe that this tax has achieved its goal.He says that prices of homes in Vancouver are moderating as a result of the tax being implemented.
The speculation tax has been named as one of the contributors to a slump in commercial real estate investment in Vancouver in 2018. Asian investments in Vancouver declined to less than $350 million from more than $1 billion in 2016 and 2017. According to government figures the tax brought in revenues of $115 million from 12,029 homeowners iduring a 15-months period in the 2018-2019 provincial fiscal yearwhich ended on March 31, 2019.
The tax has caught many unaware. For example, a Victoria, BC resident who bought a home in 2018 but worked in the United States the previous year, ended up owing almost five thousand dollars to the BC government.
In August of 2019 John Mackie of The Province reported that this provincial vacancy tax and the Empty Homes Tax are leading to larger numbers of real estate listings of luxury condos in downtown Vancouver.
Romont, Fribourg
Romont is the capital of the district of Glâne in the canton of Fribourg in Switzerland.
Tafers
Tafers () is the capital of the district of Sense in the canton of Fribourg in Switzerland.
Estavayer
Estavayer is a new municipality of the canton of Fribourg, Switzerland. It is on the south shore of Lake Neuchâtel and is between Yverdon and Bern. It is the capital of the district of Broye. It was created on 1 January 2017 when the former municipalities of Bussy, Estavayer-le-Lac, Morens, Murist, Rueyres-les-Prés, Vernay and Vuissens merged to form Estavayer.
Estavayer (disambiguation)
Estavayer is the name of three places in Switzerland:
List of cities in British Columbia
A city is a classification of municipalities used in the Canadian province of British Columbia.
"Notes:"
Romont
Romont is the name of three places in Europe:
Vsauce
Vsauce is a popular YouTube channel and brand, it was created by Michael Stevens. The channels feature videos about various scientific and mathematical topics, gaming, and technology.
The main Vsauce channel was created on July 30th, 2007 by Michael Stevens. The channel didn't start uploading until 2010. Initially, the channel's content focused on video games, with various hosts. However certain series like "IMG!" slowly gained popularity, and Stevens became the only host. The channel's content then focused on online activities and information. Slowly, the educational content became more popular.
Vsauce 1
The channel is hosted by Michael Stevens, featuring content about science, math, and more. In the main series, "DOT.", Stevens discusses a topic or a question, and includes many explanations. Stevens has said that he uses Wikipedia and research papers to find information for his videos.Marlboro County, South Carolina
Marlboro County is a county in the state of South Carolina, United States. As of the 2010 census, 28,933 people lived there. Its county seat is Bennettsville.
McCormick County, South Carolina
McCormick County is a county in the state of South Carolina, United States. As of the 2010 census, 10,233 people lived there. Its county seat is McCormick. The county was formed in 1916.
Broye (district)
Broye District is a district in the canton of Fribourg in Switzerland. The capital is Estavayer-le-Lac.
It contains the following municipalities:
See (district)
See District is a district in the canton of Fribourg in Switzerland. The capital is Murten.
It contains the following municipalities:
Wil (Wahlkreis)
Wil is a district of the canton of St. Gallen in Switzerland.
It contains the following municipalities:
St. Gallen (Wahlkreis)
St. Gallen is a district of the canton of St. Gallen in Switzerland.
It contains the following municipalities:
Biocenosis
Biocenosis is the idea that different species coexist in an enclosed habitat (usually called biotope). Biocenosis and biotope make up the ecosystem. Karl Möbius first used the term in 1877.
TRAPPIST-1
TRAPPIST-1 (or 2MASS J23062928-0502285) is an ultracool red dwarf star located almost 40 light years away from the Sun in the constellation of Aquarius. The red dwarf is known for having seven Earth-sized rocky planets around it. These planets were discovered between 2016 and 2017, and are likley rocky and some may even have liquid water on them. Four of these planets (d, e, f, and g) are in the habitable zone, so they are most likely to have liquid water. Three other planets here (b, c, and h) are not in the habitable zone, and are likely not habitable.
In August of 2017, the Hubble Space Telescope possibly found traces of possible water in the atmospheres of some of the TRAPPIST-1 planets.
Bebe Rexha
Bleta "Bebe" Rexha (born August 30, 1989) is an American singer-songwriter and record producer. She signed a contract with Warner Bros. Records in 2013. She helped write Eminem and Rihanna's song "The Monster". That song got a Grammy Award for Best Rap/Sung Performance. She also helped write songs recorded by Shinee, Selena Gomez and Nick Jonas.
Rexha released her first extended play, "I Don't Wanna Grow Up", in 2015. It had some success with the song "I'm Gonna Show You Crazy".
Rexha released two more extended plays, "All Your Fault: Pt. 1" and "All Your Fault: Pt. 2". Those had some success with the songs "I Got You" and "The Way I Are (Dance with Somebody)". She also had success with songs, including "Me, Myself & I" with G-Easy, "In the Name of Love" with Martin Garrix and "Meant to Be" with the Florida Georgia Line. The latter peaked at #2 on the United States "Billboard" Hot 100.
Rexha has won several awards, including RadioDisney, iHeart and Edison Awards for her singing.
Rexha was born in New York City.
Lee Miglin