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  • Posts by Peter M. Tolensky
    Partner

    Peter chairs Lawson Lundell's Real Estate Group. His clients include pension funds, utility, mining and pipeline companies and private entities to whom he provides advice on a variety of real estate and corporate structuring ...

On February 20, 2018, the Hon. Carole James, Minister of Finance and Deputy Premier, introduced the 2018 British Columbia Provincial Budget. Included in the Budget was the NDP’s 30-point plan for housing affordability in British Columbia.

Included in this 30-point plan are the following measures:

1. New Speculation Tax.  In Fall of 2018, the Province will introduce a new ...

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Posted in Tax

On March 15, 2017, the BC Government issued Order In Council 152/17 (the “OIC”), which creates a retroactive exemption from the 15 percent Foreign Entity Tax (the "Tax") for foreign nationals applying for permanent residency under BC’s Provincial Nominee Program, and provides refunds for certain purchasers who have previously paid or are required to pay the Tax ...

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Posted in Tax

In our blog post from July 25, 2016 we highlighted the provincial government's introduction (effective August 2, 2016) of the new 15% property transfer tax (the "Foreign Entity Tax") on foreign buyers of residential property in the Greater Vancouver Regional District ("Metro Vancouver").

The Foreign Entity Tax has been introduced by way of an amendment to the Property ...

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Posted in Tax

The BC 2016/17 Budget, released on February 16, 2016, implemented changes to the Property Transfer Tax Act and to the Land Title Act in the form of increased tax rates, citizenship disclosure requirements and a new PTT exemption.  The Budget did not change the current PTT treatment of unregistered beneficial conveyances, but it did create a new disclosure requirement ...

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Posted in Strata Managers

The Real Estate Services Act (British Columbia) (“RESA”) creates the regime that requires a person to be licensed prior to being permitted to provide “real estate services” in British Columbia to or on behalf of another, for or in expectation of payment. “Real estate services” include trading services, strata management services, and rental property ...

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Our Real Estate Law Blog provides brief commentary on current legal trends and developments affecting your business. The topics addressed in Lawson Lundell’s Real Estate Law Blog are of interest to commercial real estate developers, real estate and strata agents, investors, landlords and tenants, as well as a variety of industry groups. 
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