April 19th, 2018, Michael Sjerven
It's been very confusing with all the real estate tax changes here in BC. Below is a summary of what tax applies.
PTT - Property Transfer Tax is payable to the province of BC by purchasers of real estate. The amount of the Property Transfer Tax is 1% on the first $200,000.00 of the property’s fair market value, 2% on the amount between $200,000 and $2,000,000, and 3% on the amount between $2 ...
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