Albertans who own vacation properties in B.C. face new tax
Albertans with a vacation property in some parts of B.C. will face a new tax. The tax hike will impact people that own secondary properties in some parts of British Columbia. It isn’t confirmed, but it will likely be 2 percent of the assessed value in areas like the Lower Mainland, Victoria, Nanaimo and Kelowna. The new levy that is aimed at non-residents in order to improve affordability of homes for British Colombians.