Vancouver Sun: B.C. Premier Christy Clark to lift foreign buyers tax for those with work permits

Posted in: , ,

January 29 | Cheryl Chan

Quoted from the article:

Housing critic David Eby said the NDP had proposed a similar exemption seven months ago when the tax first came into effect but the B.C. Liberals voted against the motion. 

“We knew it would be a problem,” he said. “These are people who are paying taxes and contributing to the economy.” 

Eby said he believes the exemption is due to the premier hearing from employers, many in the tech and advanced education sectors, about the impact of the tax on their ability to recruit workers to live and work in the province.

“There’s a fight for highly skilled employees nationally and we made it more difficult by imposing a 15-per-cent tax in the name of punishing speculators,” said Eby, adding the province should reimburse foreign buyers with work permits who have already paid the tax.

Read the full article: http://vancouversun.com/news/local-news/b-c-premier-christy-clark-lifts-foreign-buyers-tax-for-those-with-work-permits