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Taxes
All you need to know about BC's Speculation and Vacancy Tax
Tuesday, January 8, 2019
BC's Speculation and Vacancy Tax Act was introduced in the legislature on October 16, 2018. More than 99 per cent of British Columbians will be exempt - are you?
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.
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.
Taxes
Property taxes 101
Friday, May 25, 2018
Property tax notices are sent to home owners and businesses in June and are due the first or second business day in July, depending on the municipality.