Edwin Lam 林玉德 

1-604-377-7572   

Your Friend

Your REALTOR®

 

Real Estate Associate Broker 地產代理  

Buying and Selling Real Estate in Metro Vancouver, BC, Canada,

please let me help you, make your dream come true.

      加拿大卑詩省, 哥華大都會 , 物業買賣 ,  交托我手 , 實現你的夢!  

 

Buyer’s Guide
(17)Speculation tax
The BC province will implement a new speculation tax on residential properties, targeting foreign and domestic homeowners who don’t pay income tax in BC. This includes those who leave homes vacant.

The tax will apply to the Metro Vancouver, Fraser Valley, Capital, and Nanaimo Regional districts and in the municipalities of Kelowna and West Kelowna.

In 2018, the tax rate will be $5 per $1,000 of assessed value. In 2019, the tax rate will rise to $20 per $1,000 of assessed value.

 

The province will administer the tax and will collect data to enforce it including, social insurance numbers, household information, and world-wide income information.

 
School tax

Beginning in 2019, the BC provincial school tax will increase on most residential properties in excess of $3 million.

 

Database on pre-sale assignments
The BC province will require developers to collect and report comprehensive information about the assignment of pre-sale condo purchases. The information will be reported to a designated government office and shared with federal and provincial tax authorities to ensure taxes are paid.

 

 

 

If you need my professional real estate service, please call

Edwin Lam

Associate Broker

604-377-7572

edwin_realtor@yahoo.com  

Not intended to solicit properties already listed for sale.

There is nothing more important to my continued success as a Realtor than the referrals I receive from you who recommend my service to others.