Barry Appleton - BC just violated NAFTA with its foreign property tax - and we could all pay for it

Is the new 15% metro Vancouver real estate tax a violation of our trade treaties?

[ Source:  Financial Post, July 29, 2016 ] The British Columbia government has suddenly introduced a penalty tax forcing non-Canadian purchasers of residential real estate in the Greater Vancouver Regional District to pay a 15 per cent tax on all purchases registered from Aug. 2, 2016. This penalty tax discriminates by definition against foreign investors buying residential real estate in the Greater Vancouver Area: Canadian citizens buying residential real estate are exempt; foreign buyers must pay the tax. That discrimination is a [...]

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