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foreign buyers tax

Beware of These Tax Rules While Buying Property in British Columbia

August 29, 2018

The British Columbia (B.C.) government has decided to take certain additional measures, as a part of the ‘30-Point Plan’, to end tax evasion in real estate industry. Previously, buyers would purchase a property in a trust, have a corporation own shares in that trust, and then sell the shares in that corporation and transfer the...

Canada Tax personal taxes

Situations Exempt from British Columbia Property Transfer Tax

December 30, 2016

As discussed in our earlier article: Newly Introduced 15% Property Transfer Tax In Greater Vancouver, BC we mentioned that property transfers involving foreign entities would be subject to an additional 15% property transfer tax. In response to this previous article we have had many clients inquiring about situations in which they may be exempted from property...