Temporary speculation and vacancy tax (SVT) exemption for property having rental restrictions phased out for 2022 tax year
What you need to know:
The temporary property with rental restrictions exemption for the SVT will phase out at the end of the 2021 declaration period. The exemption will not be available for the 2022 declaration period that will start January 2023.
A regulation under the COVID-19 Related Measures Act confirmed that strata corporations may continue to conduct remote meetings until July 10, 2021, regardless of when the state of emergency declared under the Emergency Program Act ends.