Real estate registry proposed by B.C. NDP Government. (Darren Calabrese/The Canadian Press)

B.C. creates public registry to track real estate owners

The first registry of its kind in Canada aims to end the hidden property ownership

The B.C. government is looking to launch a new registry, open to the public, that will list anyone who owns real estate in the province.

The registry, a first in Canada, aims to end the hidden ownership of property.

Finance Minister Carol James said Wednesday the registry will give tax auditors and law enforcement agencies information needed to fight tax evasion, tax fraud and money laundering.

“British Columbia has developed a reputation as an attractive place to anonymously invest and hide wealth. Right now in B.C., real estate investors can hide behind numbered companies, offshore and domestic trusts, and corporations,” James said.

The proposed legislation is part of a report that includes the draft of the land owner transparency act, which could authorize the collection of beneficial ownership information, as well as the creation and administration of the public registry.

The public can share feedback on that report until Aug. 19.

Other plans include introducing a new law to track pre-sale condominium contract assignments, sharing information on the homeowner grant with federal tax officials, and establishing a federal-provincial working group on tax fraud and money laundering.

Just Posted

Veteran defensive back returns to Valley Husker house

From the Huskers to the Saskatchewan Huskies and back, Danny Mills returns to the BCFC

One in custody after dramatic Abbotsford vehicle theft ends with rollover in Chilliwack

Prolific offender Michael Joseph Hasell facing numerous charges

Chilliwack hammer thrower finishes second at nationals

Rowan Hamilton’s throw was less than a metre behind the winner at the meet in Ottawa.

City crews rip out landscaping at Chilliwack park over-run with drug use

Homeless man says revamping the park will only put vulnerable people at further risk of overdose

UFV Cascades baseball team holding Falls fundraiser

The Canadian Colleges Baseball Conference team hits the golf course to raise money.

Stolen sunshade puts damper on Lower Mainland woman’s pet-relief effort

Broken umbrella taken from White Rock lawn ‘within 10 minutes’

Wildfires erupt in B.C. Okanagan forcing evacuation orders and a highway closure

Check out a list of up-to-date information on blazes happening within the Kamloops Wildfire Centre.

‘Amazing Race Canada’ competitors face B.C. challenge

They drove Corvettes, mastered falconry basics, and ate blueberry pie in the Cowichan Valley

Teen killed by train remembered for his love

Friends and family share stories of young Crescent Beach train victim

Grizzly bear jumps in river, chases B.C. kayaker

The bear got a bit too close for comfort along the Elaho River near Squamish

Parks Canada looks to shine light on cloudy future for historic sites

A plan is in place to produce 10-year plans designed to turn around sagging attendance figures

Island man convicted of 1999 sex assault at Fraser Valley music festival

James Allen Redden, formerly of Nanaimo, was found guilty of three charges

B.C. poet shines a bright light on struggle with homelessness

Book launch for John La Greca’s Homeless Memorial is at Vernon’s Gallery Vertigo July 21.

Ontario police say attack on Muslim man was motivated by hate

Two men, aged 27 and 19, have been charged with assault in the incident

Most Read