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Global Trade Alert

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Canada/Province of British Columbia: Higher taxes on foreign purchasers of residential real estate

Description

Effective February 21, 2018, the provincial government increased the additional property transfer tax on residential property transfers to foreign entities from 15% to 20%. The government also extende...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

21 Feb 2018

Revocation date

No revocation date

Implementation level

Subnational

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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