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British Columbia real-estate and foreign buyer taxes


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#741 Mike K.

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Posted 17 January 2019 - 08:39 AM

why don’t you just have somebody forward the envelope?

 

You've obviously never forwarded an envelope to Mexico.

 

The whole point of RV-ing in a country like Mexico is to be off the grid and unreachable, which is spectacularly easy to do once you're outside of the major cities.


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#742 Wayne

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Posted 17 January 2019 - 08:40 AM

Victoria Watcher, on 17 Jan 2019 - 08:31 AM, said:

why don’t you just have somebody forward the envelope?

I could but do not want to rely on the mail system in Mexico.

 

I found an outside Canada ph# to call, which will be up and running next week.



#743 jonny

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Posted 17 January 2019 - 08:47 AM

6 months, right?

 

Oh, I guess it's only 3 months for 2018 but 6 going forward. 



#744 Nparker

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Posted 17 January 2019 - 08:47 AM

Presumably, there will be an online process for claiming the exemption to this insane and unfair tax. The HOG is handled this way. Why reinvent the wheel? An all-paper process would be a bureaucratic nightmare.
 



#745 Nparker

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Posted 17 January 2019 - 08:48 AM

...The whole point of RV-ing in a country like Mexico is to be off the grid and unreachable, which is spectacularly easy to do once you're outside of the major cities.

Which is why it's sometimes months before the bodies are found.



#746 Nparker

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Posted 17 January 2019 - 08:52 AM

Presumably, there will be an online process for claiming the exemption to this insane and unfair tax...
 

And here it is.

spec tax.jpg

gov.bc.ca/spectax



#747 jonny

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Posted 17 January 2019 - 08:54 AM

It’s hilarious how the Victoria based NDP leadership and staffers seem to be absolutely gobsmacked that British Columbians aren't ecstatic about having to fill out yet another bloody government form (annually at that, and your spouse has to file separately!). 

 

These idiots need to get out of the big government Victoria bubble and see the world. 



#748 Nparker

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Posted 17 January 2019 - 08:58 AM

While I agree with Stew Young about the implementation of this tax, he is a bit off in this statement

“I think its absolutely dishonourable for Carole James to tell the public it only affects one per cent, but now 100 per cent of residents in Langford have to fill out the form to prove they’re not speculators,”

https://www.timescol...tors-1.23602814

100% of residential property owners will have to apply for the exemption. Presumably, some of Langford's residents are renters.



#749 Mike K.

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Posted 17 January 2019 - 09:32 AM

70% are owners, so he's not far off.


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#750 Nparker

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Posted 17 January 2019 - 09:37 AM

70% are owners, so he's not far off.

Close only counts in horseshoes (and hand grenades).



#751 lanforod

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Posted 17 January 2019 - 11:34 AM

How dumb is it that every owner of a property has to do it as well...

 

Man, I sure hope this pushes people to vote these idiots out.


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#752 Nparker

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Posted 17 January 2019 - 11:44 AM

BC's political choice: no morals or no brains.  :whyme:



#753 spanky123

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Posted 17 January 2019 - 11:55 AM

The Gov't website seems to imply that if you have anyone on title that is not living at the house then you will be assessed the spec tax. 

 

That would have a huge impact for older folks who have kids on title for estate planning purposes or kids who have their parents on title as co-signors of loans.



#754 Nparker

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Posted 17 January 2019 - 12:05 PM

The Gov't website seems to imply that if you have anyone on title that is not living at the house then you will be assessed the spec tax...

Hopefully someone will challenge that.



#755 VIResident

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Posted 17 January 2019 - 12:06 PM

The Gov't website seems to imply that if you have anyone on title that is not living at the house then you will be assessed the spec tax. 

 

That would have a huge impact for older folks who have kids on title for estate planning purposes or kids who have their parents on title as co-signors of loans.

Not surprised. 



#756 spanky123

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Posted 17 January 2019 - 12:26 PM

Not surprised. 

 

May be intentional to try and prevent children from getting around probate fees.



#757 Mike K.

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Posted 17 January 2019 - 12:33 PM

Stew Young just SLAMMED the government live on CFAX, he’s not mincing words. He also said the government told him if he was too vocal regarding being removed from the tax that he’d never be removed.

This just got real.
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#758 Nparker

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Posted 17 January 2019 - 12:36 PM

May be intentional to try and prevent children from getting around probate fees.

It shouldn't matter who you are, if you are the co-owner of a property when the other(s) on title pass away you should inherit the property sans probate. If not, then a surviving spouse should also be subject to probate fees.



#759 LeoVictoria

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Posted 17 January 2019 - 12:38 PM

How dumb is it that every owner of a property has to do it as well...

Man, I sure hope this pushes people to vote these idiots out.


No real alternative though. You can’t mail it out and expect people that need to pay to self-identify.

I am curious why they can’t piggy back off the declaration for the home ownership grant though. Or simply compel the munis to send them that data. I’m sure they thought of that so there must be some barrier

#760 Nparker

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Posted 17 January 2019 - 12:39 PM

Stew Young just SLAMMED the government live on CFAX, he’s not mincing words. He also said the government told him if he was too vocal regarding being removed from the tax that he’d never be removed...

This tax will very likely not survive a change in government. Stew need only wait a few months (pending the results of the January 30th by-election in Nanaimo) or until May 2021.



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