ARTICLE
29 July 2016

Province Announces 15% Property Transfer Tax For Foreign Entities

CW
Clark Wilson LLP

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Clark Wilson is a multifaceted law firm based in Vancouver, BC with a strong track record of being highly integrated into our clients’ businesses. Known for our industry insight, entrepreneurial culture and strategic networks, we actively seek to connect our clients with the people, resources and solutions they need to succeed.
Yesterday, BC announced that the property transfer tax for foreign buyers of residential property in the greater Vancouver region will increase to 15%.
Canada Tax

Yesterday, BC announced that the property transfer tax for foreign buyers of residential property in the greater Vancouver region will increase to 15%. Sarah Jones explains that she cannot foresee foreign buyers challenging the tax because the "contract they signed into is not with the government." To learn more, read the full Vancouver Sun article.

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