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Last week we provided a notice letting you know how important it is that you send back your Speculation Tax Exemption Forms that are starting to hit mailboxes. If you didn’t read it, you can read it here. It’s important you send that form back because this is an opt-out tax meaning if you do not opt-out and you fall within the exemption parameters you will be charged.

The much-dreaded Speculation tax continues to be a topic of conversation as the general public struggles to understand what it is and how it works. The arrival of the Speculation tax exemption forms in the mailboxes is creating a stir for home owners, and lots of confusion. You can learn more about it on the Government’s Website; however, it may still leave you confused as it doesn’t provide a clear guideline concerning the exemption rules.

We met with one of our local law firms to review and get a better understanding about the exemption rules in order to clear up any confusion you might have. We have a presentation we can send you that does a good job explaining everything. Would you like to learn more? Email to receive a copy of the presenation.


Call Darcy Nyrose(Personal Real Estate Corporation)and the team at Nyrose & Associates

We Bring a Fresh Approach to the Kelowna Real Estate Market.

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