Tax Alert – Canada

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BC introduces SVTA

No. 37, 24 October 2018

On 16 October 2018, Bill 45, Budget Measures Implementation (Speculation and Vacancy Tax) Act, 2018 also received first reading in the British Columbia legislative assembly. If enacted, Bill 45 would impose an annual speculation and vacancy tax (SVT), payable by owners of residential property in designated taxable regions of British Columbia.

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