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First time home buyers property transfer tax exemption changes


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Blog by Liz Penner | March 5th, 2017


The BC government has increased the first time home buyers property transfer tax exemption from $475,000 to $500,000 and increased the partial exemption limit from $500,000 to $525,000. For more information click on the link below.
 
http://www2.gov.bc.ca/gov/content/taxes/property-taxes/property-transfer-tax/understand/first-time-home-buyers/current-amount