Taxes on Real Estate in Vancouver

15% Tax on Foreigners Buying Property in Vancouver

15% tax on international buyers in Vancouver from Mike Stewart   Additional Property Transfer Tax on Residential Property Transfers to Foreign Entities in the Greater Vancouver Regional District Foreign Property Transfer Tax Act Effective August 2, 2016, an additional 15% property transfer tax applies to residential property transfers to foreign entities in the Greater Vancouver Regional District. Where it applies to: The Greater Vancouver Regional District includes Anmore, Belcarra, Bowen Island, Burnaby, Coquitlam, Delta, Langley City and Township, Lion’s Bay, Maple Ridge, New Westminster, North Vancouver City and District, Pitt Meadows, Port Coquitlam, Port Moody, Richmond, Surrey, Vancouver, West Vancouver,… Find out more

BC GST Tax & Rebate Calculator including PTT for Vancouver Real Estate

**** PLEASE NOTE - This Calculator is for entertainment purposes only and cannot be relied upon for making actual GST calculations. ***** British Columbia Goods and Services Tax for Properties & Property Transfer Tax Calculator During the Summer of 2011 BC voters by a margin of 55% rejected the Harmonized Sales Tax in favour of the Goods and Services Tax. There is a huge amount of confusion surrounding taxes on property sales here in BC.   I get so many questions on this topic that I have added this BC GST Rebate and PTT Calculator to my website to try… Find out more

Selling a Revenue Property in Vancouver 1 | Capital Gains Tax and Deducting Commission in Canada

Selling a Revenue Property in Vancouver 1 | Capital Gains Tax and Deducting Real Estate Commissions in Canada So, you’ve decided to sell an investment condo or other revenue property in Vancouver. The first thing you’ll want to do is talk with your mortgage lender to check how much your mortgage penalties are going to be. Once there is clarity on the costs to end the mortgage you have to consider The Taxman, aka Canada Revenue Agency (CRA). I recently had the pleasure of meeting with Vancouver Accountant Sean Akeroyd with Akeroyd & Leung about the tax implications of selling… Find out more

BC’s 2012 Budget – First Time Home Buyers Relief and Increased HST Rebate for New Homes & Others!

New Relief for First Time Home Buyers and Increased HST Rebate for New Homes & Others! I recently had the pleasure of interviewing Sean Akeroyd of Akeroyd Leung in Vancouver about some changes to the HST in the 2012 BC Budget and here's what's new: First-Time New Home Buyers Bonus The 2012 British Columbia Budget has some great goodies for the first time buyers of newly built properties. Effective February 21, 2012, to March 31, 2013, the $10,000 B.C. First-Time New Home Buyers’ Bonus will give a temporary, refundable income tax credit for first-time buyers purchasing newly-built homes. Rebate Boosted… Find out more

HST Rebate Calculator | Vancouver Real Estate

Looking for GST Rebate Calculator for Real Estate in BC? Misconceptions and the Need for an HST Calculator for New Homes and Presales in Vancouver! When the Harmonized Sales Tax (HST) replaced British Columbia's Provincial Sales Tax (PST) and the Federal Goods and Services Tax (GST) July 1st, 2010 there was a LOT of confusion among those interested in Vancouver Real Estate to say the least! One of the greatest misconceptions about the HST was that the Harmonized Sales Tax was payable on all real estate transactions in BC. Fortunately, HST is only payable on new properties in British Columbia.… Find out more