Douglas Todd: Will B.C. close a notorious tax-avoiding real-estate loophole?
Will B.C.’s NDP government close one of the biggest tax-avoiding loopholes in the real-estate industry, which could be shortchanging government coffers of hundreds of millions of dollars?
For years, the B.C. government has failed to follow the lead of the Ontario government, which closed the so-called “bare-trust loophole” more than three decades ago because too many property buyers were abusing it to avoid paying various taxes.
The loophole, routinely exploited by investors wa
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