|
|
Cdn. Yield: Corps, Trusts, GICs, Pref. Shares
|
|
||
Re: BC imposes 15% property transfer tax - will this do anything?It will definitely get foreign buyers hiring lawyers and tax advisors trying to figure out ways around this. What is interesting about it all, is that it becomes effective in a week. So if a foreign buyer had a deal in place last month that doesn't close for another month and has already put down a $100K deposit on a home, what happens to them as transfer tax is paid on the closing of a deal. Are they now SOL or will there be a transition rule? I haven't had any time to read into this too much? |
return to message board, top of board |