Canada: Additional 15% transfer tax, foreign buyers of Vancouver property

Canada: Additional 15% transfer tax, Vancouver property

British Columbia introduced a 15% property transfer tax for foreign buyers of residential property in the Greater Vancouver Regional District. This additional 15% tax, which will apply to all applicable transfers registered with the Land Title Office on or after 2 August 2016, is in addition to the general property transfer tax.

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Read a July 2016 report prepared by the KPMG member firm in Canada: B.C. Imposes Additional 15% Property Transfer Tax for Foreign Buyers

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