Property Transfer Tax Table….

AS OF FEBRUARY 2014, when you are a first time buyer, you can be exempt on the Property Purchase Tax that all home buyers have to pay in British Columbia.

2% on the first $100,000 and 1% on the balance.

You are totally exempt for your purchase of $475,000… but up to $500,000 you can be exempt based on a graduating tax scale.

Below is an explanation of the Purchase Tax and the tax table to answer any of your questions.

PLEASE NOTE:  not every property nor every person is eligible for exemption… read thru this article to find out if you are eligible!!!

First Time Home Buyers info and Tax Table guide

Property Transfer Tax fact sheet, March 2014

Property Transfer Tax fact sheet, March 2014

Property Transfer Tax fact sheet, March 2014

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