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In This Volume

Speculation and Vacancy Act, S.B.C. 2018, c. 46

The Act provides for an annual tax based on how owners use residential properties in major urban areas in British Columbia. Section 114 creates a lien and charge for unpaid taxes.

  • Nature of Interest: Lien and charge in favour of the government against the real property of the person (the person or an associated corporation of the person) required to pay an amount to the government.
  • Procedure for Enforcement: The administrator may register a certificate of lien in the land title office against the real property of the person (the person or an associated corporation of the person) required to pay an amount to the government.
  • Electronic Submissions: The Minister of Finance submits a Crown lien application, which includes the certificate, pursuant to director’s directions issued pursuant to s. 168.22(3) of the Land Title Act.