December 2018

Taxes in BC & Real Estate

Posted on Dec 17, 2018


British Columbia TAXES summary 101


Property Transfer Tax (PTT)  -  purchasing residential property - increased to 5% (from 3%) of the purchase price for the value above $3,000,000:

1% on 1st $200,000
2% on balance up to $2,000,000
3% on balance above $2,000,000 up to $3,000,000
5% on balance above $3,000,000 

Homeowner Grant - increased to $1.65 million Em...

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