taxes

March 4, 2024

First Time Home Buyer PPT Exemption

There are some great changes coming for transactions closing after April 1, 2024 for First Time Home Buyers. Let’s start with a definition of a First Time Home Buyer for this particular program, as the definition is different if you are accessing a Provincial or Federal Program. This is ...

View More
Posted in taxes
March 3, 2024

Newly Built Home PTT Exemption

Another fantastic change to the Property Transfer Tax is the elimination of the tax on new construction houses, townhouses and apartments up to $1,100,000 from the original $750,000. 

This is a great change. New construction has GST added to the purchase price which is already a ...

View More
Posted in taxes
March 2, 2024

BC Renter's Tax Credit

Are you getting prepared to do your income taxes? If you are a renter and make under $80,000 there is a tax credit waiting for you.

The nitty gritty is that if you make less than $60,000 you will get a $400 tax credit by filling out Form ...

View More
Posted in taxes