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Taxes
What you need to know about BC's Speculation and Vacancy Tax
Wednesday, February 6, 2019
The deadline to complete the annual declaration to claim an exemption for the provincial government's Speculation and Vacancy Tax is coming up on March 31.
Taxes
Why do I have to pay property taxes on the house I’m buying?
Wednesday, December 12, 2018
Property taxes in BC are due the first business day after July 1. If you buy a home at another time, you may have to pay a share of the year to avoid a penalty.
Taxes
Will I have to pay capital gains when I sell my house?
Wednesday, December 12, 2018
Capital gains taxes, first introduced in 1972, are charged on the difference between what you paid for an asset – for example, a stock, and what you sold it for.
Taxes
Putting Property Transfer Tax Revenue to Work
Monday, November 19, 2018
Metro Vancouver’s population is forecast to grow by 35,000 new residents each year, reaching 3.4 million by 2040. Supply problems will continue to escalate because of increasing population. To help solve this, we suggest putting the forecast $1.875 billion in PTT revenue to work.
Why am I asked for ID?
Friday, November 16, 2018
The Federal Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA) requires financial institutions and REALTORS®, among other professionals and services covered by the legislation, to identify customers who conduct financial transactions.
Taxes
Home Owner Grant
Monday, October 8, 2018
The BC government increased the Home Owner Grant threshold to $1.65 million from $1.6 million.