What you need to know about BC's Speculation and Vacancy Tax
Posted on Mar 18, 2024
The speculation and vacancy tax is designed to turn vacant homes into housing for BC residents and ensure foreign owners contribute fairly to BC's tax system.
On November 22, 2023, the BC government announced that they have added more areas. Residential property owners in these communities will need to declare for the first time in January 2025 base...
2024 British Columbia Budget Summary
Posted on Feb 28, 2024
British Columbia Finance Minister Katrine Conroy announced the province’s 2024 budget on February 22nd, 2024. Highlights include:
• No corporate or personal income tax rate changes
• Introduction of tax measures targeting home flipping
• Enhanced property transfer tax exemptions for first-time home buyers, newly built homes, and new purpose-built rent...