BC’s NRST – what is it?

All foreign national, foreign corporation or taxable trustees, must pay the additional property transfer tax on thier proportionate share of a residential property transfer, if the property is within the Capital Regional District, Fraser Valley Regional District, Metro Vancouver Regional District, Regional District of Central Okanagan, Regional District of Nanaimo British Columbia.

Starting February 21, 2018, the tax amount of 20% of the fair market value of your proportionate share is applied.

There are some exemptions that should be investigated, for more information please speak with the province of British Columbia Toll free 1 888 355-2700

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