2018 Richmond Beneficial Ownership Registry for Greater Vancouver
Blog by Shali Tark | February 22nd, 2018
Beneficial Ownership Registry. In addition to requiring further beneficial ownership information to be disclosed on Property Transfer Tax filings, the Province is establishing a public registry recording beneficial ownership of land that will be administered by the Land Title Survey Authority. The Province will also be enacting legislation that will require corporations in British Columbia to hold accurate and up-to-date information on beneficial owners of land in their own records office so as to be available to governmental authorities. Again, the government indicated that the collection of this information will allow the government to develop new taxation models in the future.