Province Announces 15% Property Transfer Tax For Foreign Entities

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Clark Wilson LLP

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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
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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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