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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

On July 26, 2016 the provincial government of British Columbia announced that beginning August 2, 2016, an additional property transfer tax rate of 15% will apply in Metro Vancouver to purchasers of r...

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Intervention Details

Intervention Type

FDI: Entry and ownership rule

MAST Chapter

FDI measures

Implementation date

02 Aug 2016

Revocation date

20 Feb 2018

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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