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Minimizing Property Taxes on Development Sites

September 27, 2011


Many developers are aware that the value and classification of their property each year hinges on the statutory date of October 31st. There are numerous strategies which ought to be considered in advance of this date. Both upon initial classifications and valuations by the applicable authorities and during assessment appeals, […]

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HST and Real Estate: How It Works

June 15, 2010


While the BC government is getting out of the sales tax business, the province’s residential real estate developers will have more taxes to cope with than ever before. Chronology On July 23, 2009, the BC government announced that it had reached an agreement with the federal government to combine the […]

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Transitioning to 5% GST on Real Estate Transactions

October 31, 2007


The federal government’s mini-budget announcement on October 30 included a further cut in the GST rate from 6% to 5%, effective on January 1, 2008. As with the reduction from 7% to 6% in 2006, the announcement includes special transitional rules for real estate sales. Navigating the transitional rules is likely to […]

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It’s a Brand New Game – The Impact of the New Dividend Tax C...

February 9, 2007


Would you like to borrow approximately 10 per cent of your income from the Government of Canada on an interest free basis? Now that British Columbia has finally joined the Federal Government and announced their new dividend tax credit rules we can expect to see a change in the manner in which […]

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Property Taxes – The Assessment “Game” Continues

January 5, 2007


Commercial property values are going through the roof – so what will happen to property taxes? They should stay the same shouldn’t they, as the rate of taxation should simply drop to compensate? Wrong! In Vancouver, for example, property values have dramatically increased, but the tax rate has remained basically […]

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Greater Vancouver’s Newest Parking Tax

November 17, 2005


The original version the below article was posted on CWRealestate.com on November 17, 2005. The following version was updated on December 8, 2005, following the adoption of three new bylaws regulating the parking tax at a Greater Vancouver Transportation Authority Board meeting that day. In 1998, the provincial government passed […]

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Investing in U.S. Real Estate – Don’t Let Tax Ruin Y...

December 15, 2004


During the dark, damp days of Vancouver winter, many members of the BC real estate industry will no doubt be vacationing in sunnier places. If they happen to visit San Diego, for example, they will notice familiar names dotting the landscape as a number of Vancouver developers are transforming the […]

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Commercial Tenant Bankruptcies (What’s a Landlord To Do?)

September 30, 2004


Even in positive economic times, a commercial landlord may be faced with the bankruptcy of a tenant. When this happens, the Landlord appears to suffer twice. First, rental payments cease. To add insult to injury, the Landlord runs head-on into the sometimes complicated area of bankruptcy law. For example, you […]

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BC Property Taxes – The Assessment Game “2004 Update”

January 6, 2004


Taxes!!! We all have to pay them in all their various forms – GST, PST, personal taxes, corporate taxes, property taxes, and so on. Although we cannot avoid them, it is obviously financially prudent to reduce them to the lowest level possible. Although most companies will hire experts to reduce […]

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BC Property Taxes – The Assessment “Game”

December 18, 2002


Taxes! We all have to pay them in all their various forms – GST, PST, personal taxes, corporate taxes, property taxes, and so on. Although we cannot avoid them, it is obviously financially prudent to reduce them to the lowest level possible. Although most companies will hire experts to reduce […]

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