Revised PTT Return

As of November 27, 2017, the BC Government will require a new version (version 29) of the Property Transfer Tax (PTT) return. The following new information will be collected by lawyers and notaries when completing the PTT return: From buyers: Date of birth Business Number (corporate transferee) Individual Tax Number (foreign buyer, if applicable) Provincial Nominee

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Update on Changes to the Income Tax Act

In July 2017, the federal government announced far-reaching changes to the Income Tax Act that would affect private corporations. In response, thousands of individuals and organizations, including BCREA, expressed serious concern. BCREA joined the coalition spearheaded by the Canadian Federation for Independent Business, representing hundreds of thousands of business professionals across the country, urging the government to

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