Category Archives: Government
Andrew Wilkinson introduces bill to reduce taxes on condo flippers by half
By ThinkPol Staff British Columbia’s Leader of the Official Opposition Andrew Wilkinson today introduced a private members bill, that if passed, would reduce taxes on condo flippers by half. Under Canada Revenue Agency interpretation of Income Tax Act, profits made
Flipping houses or condos? CRA reminds you that all profits are fully taxable
By ThinkPol Staff Canada’s taxman is reminding house and condo flippers that all profits made buying and reselling homes in a short period of time are fully taxable. This also includes pre-sale flips, where a property is bought and sold
Guns stopping Canadian parent from moving to LA
By Drew Penner Vancouver resident Lorie Campbell and her husband have been back and forth from California over the past 14 years with work commitments. The Canadian and her husband are green-cards holders, but there’s a giant issue that keeps
Patrick Condon to enter Vancouver mayoral race if Adriane Carr doesn’t
By Lisa Tanh Patrick Condon will enter the Vancouver mayoral race if Adriane Carr rules out a run because he wants to stamp out speculation. “I’d like to see Adrianne Carr run, and if she does, I’ll support her,” Condon
New grassroots party joins Vancouver municipal race
By Jennifer Wilson On Tuesday, ProVancouver will officially launch its campaign for the 2018 election with mayoral candidate – financial planner David Chen – at the helm. The party is branding itself, in its first press release, as a community
UBC prof behind Speculation Tax says it doesn’t actually target speculation
By Drew Penner Ask University of British Columbia professor Tom Davidoff where the provincial NDP’s new housing tax came from, and he’s quick to take credit. Just don’t try to pin the “speculation” angle on him. “I was like the
Metro Vancouver housing sales slump 30% in March
By ThinkPol Staff Home sales slumped 30 percent last month in Metro Vancouver as BC budget measures aimed at making housing affordable began to cool down the region’s once red hot real estate market. Residential home sales in the region
Speculation tax doesn’t go far enough, Burnaby councillor says
By Drew Penner Burnaby councillor Nick Volkow is newly single. His life changed forever when his wife passed away a year-and-a-half ago. In recent days he’s been pondering the next steps in his own life. But the 22-year Council veteran
Corruption watchdog calls for public beneficial ownership registry
By ThinkPol Staff The world’s leading corruption watchdog is urging Canada to create a publicly accessible beneficial ownership registry to fight money laundering and terrorist financing. Transparency International Canada Senior Advisor Denis Meunier made the call during his testimony to
BC exempts vacation homes from speculation tax
By Drew Penner The bureaucrats have done their tinkering and the new-and-improved levy on people taking advantage of hot West Coast real estate has been unfurled. BC Finance Minister Carole James said despite revising speculation tax rules to exclude a