Blog by Scott & Marcella Williams

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NEW 15% PPT EXPLAINED...

July 26th, 2016
I'M SHARING THIS UPDATE FROM ONE OF OUR REAL ESTATE LAWYER PARTNERS...


Re:  Property Transfer Tax


We just heard that the BC government is increasing the PTT by 15% tax for purchasers who are foreign entities. Here is what we know:

1. A foreign national is one who is not a Canadian citizen or permanent resident.  If it is company that is purchasing, a foreign company is one that is not incorporat ...