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  • Canada Fin 274 - British Columbia 2018

Get Canada Fin 274 - British Columbia 2018-2025

TRUCTIONS • Find out if you qualify for a refund of the additional property transfer tax on our website. • Print, sign and scan the form (along with any attachments) and send electronically using our online service or email it to ATTENQ@gov.bc.ca. • If you need more space to complete the form, attach additional pages. • All transactions will be audited. Tax rate: The current tax rate is 20%. If the property transfer was registered on or before February 20, 2018 the tax rate was 15%. Fre.

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Foreign Buyer Tax Refund (Pass Go and collect $200). Foreign nationals who become permanent residents or Canadian citizens within one year of the date the property transfer tax is registered with the Land Title Office may qualify for a refund of the additional transfer tax.

Foreign Buyer Tax: The BC Foreign Buyers Tax is a 20% tax added to the Property Transfer Tax when a foreign citizen or non-permanent resident of Canada purchases a residential property in designated regions on Vancouver Island.

Ontario has increased its non-resident speculation tax that applies to certain foreign buyers of Ontario homes. The province has increased the tax to 25% (from 20%) of the purchase price for the transferred property, as of 25 October 2022.

Individuals can also avoid the tax if they are confirmed as a BC provincial nominee or are acquiring the property on behalf of a limited partnership controlled by Canadians.

Effective October 25, 2022, the NRST rate is 25%. The NRST is applied to the value of the consideration for a conveyance. See the Land Transfer Tax page for information about the value of the consideration.

There are some exemptions from the foreign buyer's tax. These include being a confirmed B.C. or Ontario provincial nominee, purchasing a property on behalf of a Canadian-controlled limited partnership, or becoming a Canadian citizen or permanent resident within one year of buying the property.

BC Foreign Buyer Tax Exemption If you are deemed a foreign buyer, then in order to be exempt from the foreign buyer tax you either have to be a permanent resident or accepted in to the BC Provincial Nominee Program.

Since the property tax rate applies to each $1,000 of taxable assessed value, you must divide the assessed value of your property by $1,000. Next, multiply that number by the property tax rate for your property class to determine your property taxes.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232