JOURNAL ARTICLE

B.C. spec tax to rise in 2026 as PM axes federal version: Policy divergence revives questions about efficacy, legality.

  • Published In: Business in Vancouver, 2025, n. 1881. P. 12 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: MAKAN, JAMI 3 of 3

Abstract

The article discusses the impending increase in British Columbia's speculation and vacancy tax, which will rise on January 1, 2026, despite the federal government eliminating its underused housing tax. The provincial tax will increase to three percent for foreign owners and untaxed worldwide earners, and one percent for Canadian citizens or permanent residents who do not fall into the untaxed category. Experts are questioning the effectiveness and legality of the tax, with some arguing it has not significantly impacted housing affordability and may restrict mobility rights. The B.C. Ministry of Finance claims the tax has generated over $470 million for affordable housing initiatives, but critics suggest that broader issues in the housing market remain unaddressed. [Extracted from the article]

Additional Information

  • Source:Business in Vancouver. 2025/11, Issue 1881, p12
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2025
  • ISSN:0849-5017
  • Accession Number:189539207
  • Copyright Statement:Copyright of Business in Vancouver is the property of BIV Media Limited Partnership and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Looking to go deeper into this topic? Look for more articles on EBSCOhost.