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REIBC has received a copy of the Ministry of Finance’s public consultation paper for the draft Land Owner Transparency Act White Paper and are forwarding to you. The information below was received from the Deputy Minister of Finance, Lori Wanamaker.
The B.C. government has committed to establishing a registry of beneficial ownership in real estate, as part of its 30-Point Plan for Housing Affordability. The government is taking action to address tax evasion and identify tax fraud and money laundering in order to return fairness and transparency to the real estate market in British Columbia.
This white paper sets out the draft framework for the Land Owner Transparency Act for discussion.
The draft legislation proposes to collect information on beneficial ownership in a public registry administered by the Land Title and Survey Authority of British Columbia. Under the Act, corporations, trustees and partners (reporting bodies) that hold a registered interest in land will be required to report on beneficial ownership through disclosure reports.
The deadline for feedback is August 19, 2018. Please direct any comments as indicated in the white paper.
Information can be found at http://www.fin.gov.bc.ca/pld/fcsp/consultLOTA.htm and https://news.gov.bc.ca/ministries/finance.
Manager, Information Technology - Real Estate Council of British Columbia
Director of Legal & Compliance - Real Estate Council of British Columbia
Property Agent - City of Surrey
Manager, Facilities - Seaspan ULC
Property Management Agent - TransLink
Senior Property Administrator (Leasing/Property Management) - Vancouver Fraser Port Authority
Lease Manager - BC Ministry of Citizens’ Services
Director, Commercial Development - Vancouver Airport Authority
Real Estate Asset Manager - BC Housing - BC Housing
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REIBC Boat Cruise
August 29, 2018
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Room 1900, 515 West Hastings Street, Vancouver
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UDI (Urban Development Institute)
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Annual Golf Tournament
July 12, 2018 11:00 am - 9:00 pm
University Golf Club (UBC)
5185 University Blvd, Vancouver
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2018 Annual Conference and AGM
October 18-20, 2018
Vancouver Convention Centre East
1055 Canada Place, Vancouver
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