Mar
19

Vancouver Eases Foreign Home Buyer Tax to Attract Tech Workers

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  • Canadian province exempts certain skilled workers from 15% tax
  • British Columbia premier says tech sector needs immigrants

British Columbia will exempt some immigrants from a 15 percent home buyers tax in a bid to ensure the Canadian province attracts skilled workers and entrepreneurs.

Foreign workers entering the country through a so-called Provincial Nominee Program won’t have to pay the real estate tax. The break will only apply to residents in the Vancouver area.

“Our growing tech sector depends” on the program, Premier Christy Clark said in a statement Friday. “That’s why we’re removing barriers, so they can get to work, create jobs, and help build B.C.”…

Vancouver Eases Foreign Home Buyer Tax to Attract Tech Workers

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