Foreign Buyers Tax Legistration Update
January 30th, 2017
After just over 6 months of implementing the 15% foreign homebuyer tax, premier Christy Clark has announced on January 29, 2017 a new exception to the legislation. The extra 15% will now no longer be applicable to those who have a work permit and pay taxes in B.C.. This act is an attempt to encourage more foreign workers to move into the province.
According to tax revenues records, the ...