News: Vancouver Real Estate MarketProperty Tax & Home Owner Grant Reminder Just a friendly reminder that property tax payments are due by July 2. If you haven't already arranged payment, you can pay online, by mail, or in person. Instructions for payment can be found on your property tax notice. You may also be eligible for the Home Owner Grant or Senior Grant, which can reduce your property taxes by at least $570. If you qualify, be sure to apply before the deadline to take advantage of these savings. If you're currently buying or selling a home and... The New BC Home Flipping Tax: how does it work? In the ever-shifting landscape of real estate regulations, British Columbia is implementing a transformative measure: the BC Home Flipping Tax. Set to take effect on January 1, 2025, this tax targets income derived from the sale of properties owned for less than two years. As we go through how this tax works, it is important to note this tax is on top of our already established (January 1, 2023) Federal Flipping Tax. This rule ensures that profits from flipped properties are treated as business income,... |
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