First Time Buyer - Property Transfer Tax Threshold
The BC Government has just tabled budget 2014 - and one of the changes will affect our first time buyer clients who are purchasing
“Many British Columbians buying their first home will pay less Property Transfer Tax, as the Province is increasing the threshold for the first-time homebuyers program to $475,000 from $425,000, an exemption that can save the purchaser up to $7,500 when buying their first home.”
This becomes in effective Wednesday Feb. 19th, 2014.
Should you wish to see a summary of the budget you can find it at the following link.
http://bcbudget.gov.bc.ca/2014/newsrelease/2014_News_Release.pdf http://www2.gov.bc.ca/gov/topic.page?id=BBD16E2D7C1841A7BBD420E3AC5380F1&title=First%20Time%20Home%20Buyers%27%20Program
This becomes in effective Wednesday Feb. 19th, 2014.
Should you wish to see a summary of the budget you can find it at the following link.
http://bcbudget.gov.bc.ca/2014/newsrelease/2014_News_Release.pdf http://www2.gov.bc.ca/gov/topic.page?id=BBD16E2D7C1841A7BBD420E3AC5380F1&title=First%20Time%20Home%20Buyers%27%20Program
