FOREIGN BUYER TAX



This now applies to FOREIGN BUYERS 

* An additional property transfer tax applies to residential property transfers to foreign entities in the 

* Greater Vancouver Regional District

* Capital Regional District

* Fraser Valley Regional District

* Regional District of Central Okanagan

* Regional District of Nanaimo

  • The Buyer is and will be on the Completion Date, a "foreign entity" or a "taxable trustee" as defined in the British Columbia Property Transfer Tax Act [as amended[] collectively the "Foreign Entity"]. The Buyer is aware that that the Property Transfer Tax Act imposes an additional 20% Property Transfer Tax of the fair market value of any residential property being purchased by a Foreign Entity. The Buyer will thus be required to pay Property Transfer Tax equal to the total of:

1% under $200,000 = $ 2,000.00

2% over $200,000 and less than $2 million = $36,000.00
3% over $2 million and less than $3 million = $30,000.00
Tax 5% on amount over $ 3million = $150,000.00
TOTAL TAX ON $6 million = $218,000.00

PLUS

20% FOREIGN BUYERS on $6 million = $1,200,000.00 

THEREFORE TOTAL TAXES ARE $1,418,000.00

Latest Listings

Ocean Park

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1343 132B STREET

$4,280,000

  • 4,305 sq.ft.
  • 5 Beds
  • 4 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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408 1441 JOHNSTON ROAD

$1,260,000

  • 1,113 sq.ft.
  • 2 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

Ocean Park

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13044 14 AVENUE

$1,875,000

  • 2,265 sq.ft.
  • 3 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

Sunnyside Park

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1856 140 STREET

$1,749,000

  • 2,293 sq.ft.
  • 3 Beds
  • 2 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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1430 BERGSTROM ROAD

$1,450,000

  • 1,979 sq.ft.
  • 4 Beds
  • 2 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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14999 BLACKWOOD LANE

$3,999,000

  • 4,535 sq.ft.
  • 4 Beds
  • 3 full & 2 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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13922 TERRY ROAD

$5,388,000

  • 6,808 sq.ft.
  • 6 Beds
  • 6 full & 2 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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15374 ROYAL AVENUE

$3,693,000

  • 4,557 sq.ft.
  • 4 Beds
  • 5 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

White Rock

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15135 COLUMBIA AVENUE

$1,988,000

  • 2,942 sq.ft.
  • 5 Beds
  • 4 full baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

East Beach

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835 KENT STREET

$1,650,000

  • 2,641 sq.ft.
  • 3 Beds
  • 2 full & 1 half baths
  • Listing Provided By:
    Hugh & McKinnon Realty Ltd.

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