Announcement
26 Jul 2016
In July, 2016, the government of Canada/Province of British Columbia announced changed rules for foreign investors; it increased this rate in February, 2018. It also imposed a new speculation tax effective in 2019.
Source
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Number of interventions
3
3 certainly harmful
0 likely harmful
0 liberalising
List of interventions
Implementation date
01 Jan 2019
Revocation date:
No revocation date
Last action: 26 Jul 2016
FDI: Entry and ownership rule
In force
On March 26, 2018 the Ministry of Finance of the province of British Columbia announced steps it is taking to “help make housing in overheated markets more affordable and available” by “targeting prop...
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Implementation date
21 Feb 2018
Revocation date:
No revocation date
Last action: 26 Jul 2016
FDI: Entry and ownership rule
In force
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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Implementation date
02 Aug 2016
Revocation date:
20 Feb 2018
Last action: 26 Jul 2016
FDI: Entry and ownership rule
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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