Tax and Residential Real Estate 2017 - The ABCs of GST, PST, FBT and EHT
Course Date: October 20, 2017
Total: 5h 8min
Course Date: October 20, 2017
Welcome and Introduction
Nuts and Bolts of GST and Residential Real Estate
- overview of GST basics
- collecting tax, input tax credits, and rebates
- when are residential transactions exempt and taxable
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Nuts and Bolts of PST and Residential Real Estate
- when does PST apply to construction?
- specific rules governing who is liable to pay
- how to shift the tax burden
- BC's "gotcha" tax — trap for unsuspecting contractors
- contracts with exempt purchasers
- working with First Nations
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Networking Break
Current GST Issues in Residential Development, Construction, and Sales
- "house hoppers" and CRA response
- land and additional acreage — what is exempt and what is taxable?
- residential development on the First Nation Reserves
- resort properties
- joint ventures/bare trust issue
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Panel Discussion – Current Issues, Best Practices, and Ethical Issues
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Lunch
Overview of the Foreign Buyers Tax
- background to the FBT
- what property is subject to the FBT?
- what transferees are subject to the FBT?
- how is FBT calculated?
- FBT surprises, possible upcoming changes?
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Overview of the Empty Homes Tax
- background to the EHT
- what property is subject to the EHT?
- what use of property is required to avoid the EHT?
- what exemptions are available?
- how is the EHT status of the property reported?
- how can EHT assessments be disputed?
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Networking Break
Panel Discussion — FBT, EHT, and Lots of Unanswered Questions
Terry G. Barnett — Thorsteinssons LLP, Vancouver
Raluca Dogaru — Policy and Legislative Analyst, Property Taxation Branch, BC Ministry of Finance, Victoria
Heidi B. Granger — Assistant Director, Development and Real Estate, City of Vancouver Law Department, Vancouver
Noah Sarna — Thorsteinssons LLP, Vancouver
Questions & Discussion
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October 20, 2017
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October 20, 2017
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October 20, 2017
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