Some more cool BC taxes for Albertans .

[pfi572]

https://www.theglobeandmail.com/amp...homes-to-be-hit-with-new-tax/article38061593/

 

[chickenman]

WOW! I wonder how many people will be selling their places?? I laughed at the moment about oil Execs... Yeah, cuz they're the only ones who may own a vacation property out there. If I had a place being affected, Id be tempted to sell and go south!

 

[catalac]

Nice one hey... these NDP/green dicks really are a dream. Buy a holiday house 20 years ago, have the value go from 100k to 400k and now get taxed an additional 2k this year then 8k every year after that on top of regular taxes.

 

[LUCKY 7]

that our NDP/Green for ya.. Trust me they didn't get my vote

 

[skegpro]

Gonna hurt the BC economy.
All those vacationers spend good money.

If they are trying to target Hongcover they really missed the mark here.

Gonna hurt the interior of BC big time.

 

[LUCKY 7]

will hurt around Fernie too.

Gonna hurt the BC economy.
All those vacationers spend good money.

If they are trying to target Hongcover they really missed the mark here.

Gonna hurt the interior of BC big time.

 

[SHREK1]

Notley might have to ban wine imports again until taxes are removed

 

[sc800]

will hurt around Fernie too.

Don't think it will affect Fernie from what I can read??

 

[Cdnfireman]

Give them time....the NDP will tax and mismanage B.C. into economic disaster like they have done to Alberta.

 

[skegpro]

Don't think it will affect Fernie from what I can read??

How do you figure?

 

[Stg2Suby]

[FONT=Pratt, Georgia, Palatino, Book Antiqua, Times New Roman, serif]"[/FONT]The new tax would be imposed on Metro Vancouver, the Fraser Valley, the Vancouver Island regions of Victoria and Nanaimo and the municipalities of Kelowna and West Kelowna in the Interior"

 

[skegpro]

[FONT=Pratt, Georgia, Palatino, Book Antiqua, Times New Roman, serif]"[/FONT]The new tax would be imposed on Metro Vancouver, the Fraser Valley, the Vancouver Island regions of Victoria and Nanaimo and the municipalities of Kelowna and West Kelowna in the Interior"

Still makes investors nervous, what's to say the taxation zones don't expand?

 

[Stg2Suby]

Still makes investors nervous, what's to say the taxation zones don't expand?

Agreed I'd be nervous to buy anywhere in BC unless it had a rental suite

 

[Steve D]

Maybe if you albertans would have bought more property in Vancouver and visited more. Right now it's all owned by arabs and chinese that never visit.

 

[Stompin Tom]

frankly if you can afford to buy million dollar plus properties and only use them a couple times a year and dont bother to rent them out the rest of the time, I doubt this tax is an issue for you. Wonder why no Whistler? Gotta be a crap load of off shore properties there.

And yes, I think anybody who thinks this tax is aimed at Alberta residents are pretty naive. Its an obvious shot at offshore interests.

The background for this tax is simply to try and reign in the offshore interests who are buying up BC properties as investments and creating an artificial increase in home values which makes them harder and harder for local BC residents to afford.

 

[catalac]

What I’m always 100% sure of is when government thinks they can fix a problem by taxing it they are wrong.

 

[Stompin Tom]

What I’m always 100% sure of is when government thinks they can fix a problem by taxing it they are wrong.

and you sir are correct.

 

[xpbrian]

Well this is just great!! On top of already paying higher property tax than a resident of B.C. Anybody wanna buy a condo in sicamous before they include there???

 

[j335]

A tax aimed at anyone not paying B.C. taxes, easily could have said Canadian residences are excluded....

 

[Cyle]

The tax will not affect the people it is aimed at, because they have the means to find a loophole around it. It will hit the regular people who just pay it.