Bob Sethi, B.Comm | 604.273.2828

RSS

B.C. government opens exemption process for speculation tax


NDP's misguided Speculation Tax hitting BC residents first

Estimated two-thirds of those who will pay the Speculation Tax will not be out-of-province speculators, but British Columbians.


The NDP's "Speculation Tax" being charged to all homeowners in BC's largest urban centres - whether they're speculators or not.


It's up to those affected homeowners to apply for exemptions by March 31, 2019 or wait up to 6 years (yes, years) for a rebate if they fail to opt-out.


Read more from The Province here.



Note - Declaration forms are being mailed by the NDP - if you haven't received your's by mid-February I recommend you visit the Speculation and Vacancy Tax page to contact the Provincial Government.




Read

Important information on the HST referendum

The Provincial Government has received the results of the HST referendum. The outcome was decisive, with just under 55% of voters choosing to extinguish the HST and return the province to a system of taxation using both the PST and GST.
 
The government says no changes will occur until at least May 2013. There is no information yet on what the details of the tax system will look like at that time.
 
In terms of what this means to you, the HST is still in place and will be until at least May 2013. I will be updated this blog as we learn more. If you're interested in learning how this affects your plans to buy or sell real estate please contact me at:
 
Bob Sethi, RE/MAX Westcoast 
604-273-2828
 
 
With information provided by the Real Estate Board of Greater Vancouver.
 
Read
Categories:   | 2011 | 2018 | AB | Abbotsford | agricultural land reserve | Alberta | ALR | apartment | apartments | April | attached | August | B | Bank of Canada | BC | bc hydro | BC re | BC Real Estate | BC Real Estate Association | BCREA | benchmark | benchmark price | Bolivar Heights, North Surrey Real Estate | Brendon Ogmundson | Bridgeport RI | Bridgeport RI, Richmond Real Estate | Brighouse | Brighouse South | Brighouse South, Richmond Real Estate | Brighouse, Richmond | Brighouse, Richmond Real Estate | British Columbia | Broadmoor | Broadmoor, Richmond Real Estate | bubble | Burnaby East Real Estate | bursuries | buyer | buyers | buying selling investing mortgage home equity loan loan to value ratio | Cameron Muir | Canada | Central Interior | change | chba | cmhc | CMHC Goverment of Canada Line of Credit mortgage insurance amortization loan | condo | condominium | Conserative | december | detached | Downtown VW | Downtown VW, Vancouver West | East Burnaby | East Burnaby, Burnaby East Real Estate | East Cambie | East Cambie, Richmond Real Estate | East Vancouver Burnaby | economy | energy | Eugen Klein | families | first time homebuyer | First Time Homebuyers Tax Credit | Flaherty | fortis bc | Garden City | Garden City, Richmond Real Estate | GDP | Genworth | Government | grade 12 | grants | Granville, Richmond Real Estate | Greater | Greater Vancouver | Greater Vancover | gst | gvhba vancouver real estate peter simpson cmhc bob rennie bob ransford u.s. mainland china tsawwassen nimby banana nope delta lo | Hamilton RI | Hamilton RI, Richmond | harmonized tax | Harper | high density housing | home | home owner grant | home sales | house prices | housing | Housing Price Index | HPI | hst | Immigration | insurance | Interior | investment | Ironwood | Ironwood, Richmond | Ironwood, Richmond Real Estate | Kamloops | Kelowna | Kevin Falcon | Liberal | Lower Mainland | Mainland China | market | market share | May | McLennan | McLennan North | McLennan North, Richmond | McLennan North, Richmond Real Estate | McLennan, Richmond | McNair | McNair, Richmond | McNair, Richmond Real Estate | metro | Metro Vancouve | Metro Vancouver | Minister | minister of finance | Mission | MLS | mortgage | mortgage rules 2011 cmhc goverment of canada mortgage insurance housing market bank of canada income borrowing | multi family | MV RGS | N. Delta Real Estate | Nanaimo | NDP | new home taxes | New Westminster | New Westminster Real Estate | North | North Shore | North Surrey | North Surrey Real Estate | owners | Panorama Ridge, Surrey Real Estate | problem solvers | property | Province | Provincial Government | PST | PTT | Queen Mary Park Surrey | Queen Mary Park Surrey, Surrey | Queensborough | Queensborough, New Westminster | Queensborough, New Westminster Real Estate | rates | RE/MAX | RE/MAX Housing Barometer Report 2010 | Real Estate | real estate board | Real Estate Board of Greater Vancouver | Realtors | rebates | REBG | REBGV | reduce | referendum | Regional Growth Strategy | rental | residential property | Richmond | Richmond condo strata development project six storey wood frame | Richmond Real Estate | Riverdale RI | Riverdale RI, Richmond Real Estate | rules | sales | Sauder School of Business | Saunders | Saunders, Richmond | Saunders, Richmond Real Estate | say no | scholarship | Schools | Sea Island, Richmond Real Estate | sell through rates | seller | September | single family | solar | South Arm | South Arm, Richmond | South Arm, Richmond Real Estate | speculation tax | statisti | statistics | stats | Steveston North | Steveston North, Richmond | Steveston North, Richmond Real Estate | Steveston South | Steveston South, Richmond | Steveston South, Richmond Real Estate | summer | Sunshine Hills Woods | Sunshine Hills Woods, N. Delta Real Estate | Surrey | Surrey City Centre | Surrey Real Estate | tax deferment | taxes | terasen | threshold | towhomes | townhome | transition | Tsur Somerville | UBC | va | vancouver | vancouver real estate rebgv statistics buying selling average prices market conditions | Vancouver West | Victoria | water meter | West Cambie | West Cambie, Richmond Real Estate | West Coast | West Newton | West Newton, Surrey | West Newton, Surrey Real Estate | Western Canada | Westwind, Richmond Real Estate | Whalley | Whalley, North Surrey | Whalley, North Surrey Real Estate | WHL hockey RE/MAX | yvr
Bob Sethi, B.Comm
Office:604.273.2828
Fax:604.273.0685
RE/MAX Westcoast
#110-6086 Russ Baker Way
Richmond, BC
V7B 1B4 Canada

Why Sign Up?

  • Save your Listing Searches
  • Email Alerts on new Listings
  • See new listings sooner
  • Tag your Favourites for later

Already a Member?

Reciprocity Logo The data relating to real estate on this website comes in part from the MLS® Reciprocity program of either the Greater Vancouver REALTORS® (GVR), the Fraser Valley Real Estate Board (FVREB) or the Chilliwack and District Real Estate Board (CADREB). Real estate listings held by participating real estate firms are marked with the MLS® logo and detailed information about the listing includes the name of the listing agent. This representation is based in whole or part on data generated by either the GVR, the FVREB or the CADREB which assumes no responsibility for its accuracy. The materials contained on this page may not be reproduced without the express written consent of either the GVR, the FVREB or the CADREB.