Vancouver Empty Homes Tax
Effective January 1, 2017, Vancouver home owners are subject to an empty home tax of 1% of the property’s assessed value (the “Tax”), pursuant to Vacancy Tax By-law No. 11674 (the “By-law”). In accordance with the By-law, all…
Public Registry of Beneficial Owners of Property – British Columbia
The British Columbia NDP government intends to introduce legislation mandating Canada’s first public registry of property beneficial ownership, to deter investors from buying housing through nominee companies and trusts. The move to crack down on real estate “hidden…