Learning Objectives

– Discuss the main taxes that apply to the purchase or sale of real property in British Columbia, including the Goods and Services Tax and the Property Transfer Tax

– Discuss capital gains and how they are taxed upon the sale of property

– Discuss the main taxes that apply to the ownership or use of real property in British Columbia, including Property Tax

– Describe certain tax exemptions and reliefs relating to Property lax

– Describe the process of property assessment, including the appeal procedures

– Discuss common issues and misconceptions relating to the taxation of real property