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Posted by / 17-Jan-2018 11:06

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The Registered Plans Directorate RPP Glossary is provided for information purposes only as a plain language explanation for terms used in our forms and does not replace the law, either enacted or proposed.

Just last week our beloved mayor Gregor Robertson introduced a vacant homes tax in Vancouver.

The tax will penalize owners who leave a secondary home vacant for more than 180 days of the year.

Offenders will have to declare it on their tax returns and will be hit with a 1% tax of the assessed value.

False declarations will be whacked by a ,000 daily fine.

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The information contained in the glossary at publication was, to our knowledge, accurate.