Tax and Residential Real Estate - The ABCs of GST, PST, FBT and EHT

Product Type: Course

This course has no current sessions.

DescriptionMore DetailAgenda

-Rebroadcast-
Last Kick at the Can 2018
Monday, December 3, 2018
9:00 am - 4:00 pm via webinar

(Original Course Date: October 20, 2017)

Who should attend: Real estate and tax law practitioners of all experience levels. This course may also be of interest to notaries, paralegals, and legal support staff.

Learning level: All levels

Real estate holdings and transactions carry significant tax burdens imposed under complex legislation. Beyond simply raising revenue, governments increasingly use taxes on realty as means for pursuing policy goals. Property law is complicated enough with the result that practitioners all too frequently overlook the impact of the taxes on their transactions. But in the real estate sector, where transaction values are high, the taxes can add up quickly. How does one respond when the client looks to the law firm for advice on the potential pitfalls or savings in relation to transaction taxes?

This course will provide an overview of important current issues relating to the application of Goods and Services Tax (GST), Provincial Sales Tax (PST), Foreign Buyers Tax, and Vancouver’s Empty Homes Tax when advising in connection with residential real estate matters.

After taking this course you will:

understand the system of GST rules applicable to residential real property, both in terms of charging tax and recovering tax through input tax credits and rebates
understand the significance of standard GST forms used in real estate transactions and the significance of the representations contained therein
understand how PST applies to residential construction
be familiar with current Foreign Buyers Tax and Vancouver’s Empty Homes Tax issues in the area of residential real estate

CLEBC would like to thank Stewart Title for their generous support in sponsoring this event.

Law Society of BC CPD Hours: 6 hours (For rebroadcasts: a minimum of 1.25 hour will involve professional responsibility and ethics, client care and relations, and/or practice management)

Course Chair
Terry G. Barnett — Thorsteinssons LLP, Vancouver

Pricing	Last Kick at the Can Rebroadcast
Rebroadcast	$489
Registration includes an electronic copy of the reference materials. Please note: The CPD hours of the rebroadcast may differ from the CPD hours of the original, live program.

Webinar Archive: This course will be added to the Webinar Archive. See below to subscribe.

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CLEBC Program Lawyer
Teresa Sheward
tsheward@cle.bc.ca

Course Chair
Terry G. Barnett — Thorsteinssons LLP, Vancouver

About the Course Chair
Terry G. Barnett is a partner working out of the Vancouver and Toronto offices of Thorsteinssons LLP. His practice focuses on the Harmonized Sales Tax (HST), Goods and Services Tax (GST), Provincial Sales Tax (PST), customs law, land transfer taxes, municipal taxation, and all other Canadian commodity and indirect taxes. Terry has practiced in the GST area since the inception of the tax in 1991 and writes extensively on GST/HST and other indirect tax matters in Canadian and international publications. Areas of particular experience include real estate development, financial services, cross-border transactions, health care and medical practitioners, First Nations, and charities/non-profits. Terry’s practice also includes PST and GST/HST appeals and litigation. Terry was called to the Ontario bar in 1989 and the BC bar in 1993.

Faculty
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

Click here for full faculty bios »