Legislation And Commentary

In This Volume

1. 1 Definitions and interpretation [§56.3]

2. 1.1 Fair market value of land with industrial improvements [§56.4]

3. 1.2 Fair market value of property subject to certain interests [§56.5]

4. 1.3 Fair market value if improvement on more than one parcel [§56.6]

5. 1.4 Proposed strata lots—determination of fair market value [§56.7]

6. 2 General tax imposed [§56.8]

7. 2.001 Additional tax imposed—anti-avoidance rule [§56.9]

8. 2.01 Definitions in relation to additional tax imposed [§56.10]

9. 2.02 Additional tax imposed [§56.11]

10. 2.03 Additional tax imposed—calculation of tax if transaction includes non-residential property [§56.12]

11. 2.04 Renumbered [§56.13]

12. 2.1 Nisga’a exemption [§56.14]

13. 2.2 Treaty first nation exemption [§56.15]

14. 3 Rate of tax [§56.16]

15. 3.01 Tax on residential property exceeding $3 million [§56.17]

16. 3.1 Tax payable on registration of correcting transaction [§56.18]

17. 4 Definitions in relation to first time home buyers’ program [§56.19]

18. 4.1 Fair market value—property transferred by Habitat for Humanity [§56.20]

19. 5 First time home buyers’ exemption [§56.21]

20. 6 First time home buyers’ partial exemption [§56.22]

21. 7 First time home buyers’ refund [§56.23]

22. 8 First time home buyers’ program—obligations of transferee [§56.24]

23. 9 First time home buyers’ program—unqualified transferee [§56.25]

24. 10 First time home buyers’ exemption or refund retained [§56.26]

25. 11 Lien for amount of exemption, refund or credit [§56.27]

26. 12.01 Definitions in relation to new housing program [§56.28]

27. 12.02 New housing exemption [§56.29]

28. 12.03 New housing partial exemption [§56.30]

29. 12.04 New housing refund if property contains residential improvement on registration date [§56.31]

30. 12.05 New housing program—obligation of transferee if property contains residential improvement on registration date [§56.32]

31. 12.06 New housing refund if property does not contain residential improvement on registration date [§56.33]

32. 12.07 New housing program—unqualified transferee [§56.34]

33. 12.08 New housing exemption or refund retained [§56.35]

34. 12.09 Definitions for sections 12.09 to 12.12 [§56.36]

35. 12.10 Transferee must not apply for both first time home buyers’ exemption or refund and new housing exemption or refund [§56.37]

36. 12.11 Application to cancel first time home buyers’ application and obtain new housing credit [§56.38]

37. 12.12 Application to cancel new housing application and obtain first time home buyers’ credit [§56.39]

38. 12.13 Additional information to be included in return [§56.40]

39. 12.14 Ministerial regulation-making power [§56.41]

40. 13 Certifying the return [§56.42]

41. 13.1 Electronic returns [§56.43]

42. 13.2 Evidence of electronic returns [§56.44]

43. 14 Exemptions [§56.45]

44. 15 Partial exemption for certain residential transfers [§56.46]

45. 16 Exemption for land subject to conservation covenant [§56.47]

46. 26 Summary proceedings without action [§56.48]

47. 28 Lien on land for taxes [§56.49]

48. 32 Information sharing [§56.50]

49. 32.1 Information-sharing agreements [§56.51]

50. 32.2 Repealed [§56.52]

51. 33 Access to records [§56.53]

52. 34 Offences [§56.54]

53. 34.01 Offences in relation to confidential information [§56.55]

54. 34.1 Offences in relation to electronic returns [§56.56]

55. 34.2 Administrative penalties [§56.57]

56. 37 Power to make regulations [§56.58]

57. 37.1 Regulations by the minister [§56.59]