Potential Tax Planning Changes

The federal government has proposed several changes to the Income Tax Act that could affect personal real estate corporations in BC. Until October 2, the government is accepting feedback on its proposals, which will impact a wide variety of Canadians.The federal government has proposed several changes to the Income Tax Act that could affect personal real estate corporations in

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Foreign buyer tax amended

British Columbia’s premier has announced her government is amending its tax on foreigners buying property in Metro Vancouver. Christy Clark says the levy will be lifted for those who have a work permit and pay taxes in B.C., in order to encourage more people to come to the province. The 15 per cent foreign buyers

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Red For Rent Real Estate Sign in Front of Beautiful House.

Historic Investment in Affordable Rental Housing

On September 19, the BC Government announced that it would create 2,900 affordable rental units across BC. The money for this initiative—a whopping $500 million—is available through the new Housing Priority Initiatives program, which is largely funded by the foreign buyers’ tax. The September announcement followed a commitment in the February provincial budget to invest

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