COVID-19: B.C. Government Announcements – Updated (March 30th, 2020)

On Mar 23, 2020, the B.C. government announced their Covid-19 Action Plan (updated on March 30th, 2020).  The plan provides $5 billion in income supports, tax relief and direct funding for people, businesses and services, and includes the following measures. Relief for Individuals B.C. Emergency Benefit for Workers – Updated! B.C. Climate Action Tax Credit […]

Changes to the BC Speculation and Vacancy Tax

Some good news – the BC government announced extensions to some temporary exemptions to the BC Speculation and Vacancy Tax (the “Spec Tax”) tax.  They also provided some clarity on other exemptions. What is the Spec Tax again?  It is a BC tax* that started in 2018 as part of BC’s housing affordability strategy to […]