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B.C. Reg. 162/2021, deposited June 21, 2021, under the SPECULATION AND VACANCY TAX ACT [section 139 (1)]. Order in Council 362/2021, approved and ordered June 21, 2021.
On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective July 1, 2021, the Exemptions from Tax Regulation, B.C. Reg. 287/2019, is amended as set out in the attached Schedule.
— S. ROBINSON, Minister of Finance; D. EBY, Presiding Member of the Executive Council.
1 The Exemptions from Tax Regulation, B.C. Reg. 287/2019, is amended by adding the following section:
Exemption for subsidiaries of agent of government
7 For the purposes of section 20 (o) [exemption for specified owners], an owner of a residential property that is a wholly owned subsidiary, within the meaning of the Business Corporations Act, of an agent of government is a prescribed class of persons of the Act.
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