Jul 20, 2022

Province’s Speculation and Vacancy Tax expanded to Ladysmith

The Town of Ladysmith is aware of the expansion of the Speculation and Vacancy Tax announced by the Province on Wednesday as it applies to our municipality.

The first annual declaration will be in January 2024 for the reporting year of 2023.

The tax was first implemented in 2018 and included Nanaimo, Lantzville and the many areas within the Capital Regional District.  This new expansion includes the Cowichan Valley Regional District municipalities.

The decision to expand the Speculation and Vacancy Tax was the sole decision of the Province.

More information on how the tax works, how to declare, forms, and FAQs can be found on the Province’s website.

Questions can be directed to the Province by calling:

  • 1-833-554-2323 toll-free
  • 1-604-660-2421 if you’re outside North America
  • 711 across B.C. for Telephone Device for the Deaf (TDD) services for the hearing impaired.

For the latest news and updates, visit the Town’s website at www.ladysmith.ca, as well as Facebook, Twitter and Instagram.

You can also receive up-to-date information in your email inbox by subscribing to the Town’s newsletter.

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For Information:
Mike Gregory
Communications and Engagement Specialist
mgregory@ladysmith.ca