If you are planning on buying a new home over the next two years, then you need to know about the 2% BC Transition Tax.
It is a new tax that comes into effect on April 1, 2013. It will apply to the sale of new residential homes that are 10% or more complete as of April 1, 2013. The 2% BC Transition Tax will end on March 31, 2015.
For more information visit http://www.rebgv.org/2-bc-transition-tax-new-homes-coming-april-1-2013