Property News · January 31, 2017

B.C. government plans to lift 15 per cent foreign-buyer tax for those with work permits


By Emma Crawford Hampel

The British Columbia government intends to exempt foreign nationals with work permits from having to pay the 15 per cent foreign-buyer tax on Metro Vancouver home sales implemented last summer, Premier Christy Clark announced at an event in Vancouver.

A spokesperson for the Ministry of Finance told Business in Vancouver the government has not set a timeline for the change, but they plan to have it implemented “as soon as possible.”

The spokesperson…

Source : South China Morning Post
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