Property Transfer Tax In BC
All you need to know about Property Transfer Tax in B.C.
https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax
Additional Property Transfer Tax for Deemed Foreign Nationals:
If the property transfer is registered on or after February 21, 2018 and is within the following areas, the tax amount is 20% of the fair market value of your proportionate share:
- Capital Regional District
- Fraser Valley Regional District
- Metro Vancouver Regional District
- Regional District of Central Okanagan
- Regional District of Nanaimo
The additional property transfer tax doesn’t apply to properties located on Tsawwassen First Nation lands.
Canadian first time Buyers may qualify for an exemption:
https://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/exemptions/first-time-home-buyers
