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B.C. announces new steps to crack down on tax evasion in real estate market

Thursday, August 02, 2018 @ 9:20 AM | By Ian Burns

The province of British Columbia is increasing disclosure when real estate purchases are made through a corporation or trust, with an eye to reducing tax evasion.

British Columbia, and in particular Vancouver, has some of the highest real estate prices in the country, and the current provincial government has made it a priority to increase affordability in the market, such as implementing a foreign buyers’ tax. And Finance Minister Carole James said these new changes will give authorities “another tool to make sure people are paying...