HST General Transitional Rules has been updated to add the tax policies about the Transitional period around July 1, 2010 when the HST comes into effect.

This section is designed to assist non-residents of British Columbia in finding tax information that pertains to their business:

Property Transfer Tax

Property Transfer Tax:

Property Transfer Tax is a land registration tax. It must be paid when an application for a taxable transaction is made at any Land Title Office in British Columbia to register changes to a certificate of title. Property Transfer Tax
is payable on the fair market value of the property being transferred.

In addition to the First Time Home Buyers' Program, there are a number of exemptions that may apply to the transfer of property, exempting all or a portion
of the transfer from Property Transfer Tax.

If you are claiming any of these exemptions, you need to file a Special Property Transfer Tax Return (FIN 579S) and use the exemption code provided in Bulletin PTT 001, Property Transfer Tax Generally.

For more information on PTT and how it applies to your business, please see the Property Transfer Tax section of our website.