The province reported foreign owners and satellite families have paid $58 million in the 2018 calendar year and $57 million from the first quarter of 2019. As of Sept. 3, 11,783 homeowners in B.C. are paying the tax. This includes 4,621 foreign owners, 3,060 satellite families, 1,519 Canadians living outside of B.C., 2,362 B.C. residents and 221 others, such as properties held through corporations and trusts.
“It is in fact targeting speculators, people living outside of B.C.”, said Finance Minister Carol James, adding that 99.8 per cent of British Columbians are exempt from paying the tax.
However, an estimated 17,000 people still have not completed their declarations.
Read more: https://www.theglobeandmail.com/canada/british-columbia/article-bc-speculation-and-vacancy-tax-brings-in-58-million-for-2018
No comments:
Post a Comment