Additional Property Transfer Tax for Foreign Nationals or Corporations now applies in Nanaimo Regional District
If you are a foreign national, foreign corporation or taxable trustee, you must pay additional property transfer tax on top of the usual property transfer tax on your proportionate share of a residential property transfer if the property is within specified areas of B.C. , which now includes the Nanaimo Regional District. The additional property transfer tax is 20% of your proportionate…