Category: Property Taxes

What is Foreign Buyer Tax? Yet Another Tax!! From Government of BC – Additional property transfer tax for foreign entities and taxable trustees In addition to the property transfer tax, if you’re a foreign national, foreign corporation or taxable trustee, you must pay the additional property transfer tax on your proportionate share of a residential […]

What is an Underused Housing Tax? And how might this affect me as an owner of property in Point Roberts and Palm Springs.

Taxation policies are an aspect of any government’s efforts to regulate its economy. The real estate sector is no exception, as evidenced by the introduction of several taxes designed to address various concerns in this market. Underused Housing Tax, Speculation Tax, Empty Home Tax, and Foreign Buyer Tax are some of the measures implemented to manage the housing market’s affordability, availability, and foreign investment. In this blog, we will explore each of these taxes’ purposes, how they work, and their effectiveness in achieving their intended goals.

What is an Underused Housing Tax? And how might this affect me as an owner of property in Point Roberts and Palm Springs.

Taxation policies are an aspect of any government’s efforts to regulate its economy. The real estate sector is no exception, as evidenced by the introduction of several taxes designed to address various concerns in this market. Underused Housing Tax, Speculation Tax, Empty Home Tax, and Foreign Buyer Tax are some of the measures implemented to manage the housing market’s affordability, availability, and foreign investment. In this blog, we will explore each of these taxes’ purposes, how they work, and their effectiveness in achieving their intended goals.