
First round of speculation tax declaration forms delivered around Kamloops
KAMLOOPS — Homeowners in the Kamloops area have begun receiving speculation tax notices in the mail and the B.C. government is reminding residents that the letters are legitimate.
This is the first year Kamloops has been included among communities that are subject to the speculation and vacancy tax. The tax was brought in by the province in 2018 as a response to housing shortages. It’s meant to discourage housing speculation and deter people from leaving homes vacant.
Tax notices began going out to local property owners in the last couple of weeks, with declarations due by the end of March.