Wednesday, August 3, 2016

BC adds Property Transfer Tax for Foreigners

This tax is so stupid. Only applies to "Greater Vancouver Regional District." So those naughty foreigners will be going to Abbotsford, Mission, Chilliwack, Kelowna, Penticton, etc.

Finance MInister De Jong says that the government can extend this tax to those areas if things get out of control, but considering how much they dragged their ass to make this change, I wouldn't put any money on this ... unless we are only a few weeks away from the next provincial election.

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