BC foreign buyer tax

Later this week B.C.'s finance minister is to announce new exemptions and rebates for the foreign buyer tax on Metro Vancouver real estate.

Local newspapers have reported 'international citizens with work permits who pay taxes in BC won't have to pay the foreign buyer surcharge. Further, foreign nationals who were hit with a 15% foreign buyer tax on the real estate, but then months later became Canadian citizens, could get a rebate'.

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