You need to be aware of an important submission date of August 19, 2018; if you are a land owner in British Columbia.

The BC Government is seeking feedback on proposed legislation concerning the reporting of beneficial ownership in land in BC.

The reporting raises several concerns, not the least of which is that it could lead to changes in the Property Transfer Tax in order to obtain it in a share sale, where the beneficial ownership changes. Additional concerns include privacy of individuals and the increase in administrative costs to continue reporting to the government.

This safe link provides more information: CLICK HERE