Tzeachten First Nation considering transfer tax law

Written comments will be considered by Tzeachten council in Chilliwack until Nov. 26 and then they vote on it.

A 60-day deadline for written comments on a new property transfer tax law proposed by Tzeachten First Nation is up on Nov. 26.

“In the past, there has been a gap because purchasers of homes in B.C. paid the property transfer tax except on Reserve land. This law will close the gap,” according to an online release.

Under the proposed law the transfer tax would be:

• 1% of the first $200,000 of the fair market value of the interest in land at the time of the transfer; and

• 2% of the remaining fair market value of the interest in land at the time of the transfer.

Tzeachten has the power to enact the transfer tax law under the First Nations Fiscal and Statistical Management Act.

“Tzeachten Council has determined that it is in the best interests of Tzeachten to pass a law to generate taxation revenues for local purposes from certain interests in lands on the reserve at the time of transfer of these interests,” reads an online notice under the ‘what’s new’ tab at Tzeachten.ca. “Under the proposed law, people who buy a home on leased or sub-leased land on the Reserve would pay Property Transfer Tax, similar to off-Reserve.”

Tzeachten has been administering its own property tax since 1995, and in September it became the second First Nation in Canada to access loan financing at rates below prime, at 2.5 per cent.

Written comments on the proposed property transfer law will be considered by Tzeachten council members before they vote on it.

The deadline for written comments is Nov. 26, 2012.

Anyone wishing for more information, or to submit written comments must deliver them to Tzeachten property taxation manager Deanna Honeyman, #29-6014 Vedder Rd., Chilliwack, phone 604-846-4888 or fax 604-846-4889.

Just Posted

Raeya Evie Duncan was the 100th baby born at Chilliwack General Hospital for the month of May. She is seen here with her parents Alysha Williams and Andrew Duncan on June 12, 2021. (Jenna Hauck/ Chilliwack Progress)
Baby boom in Chilliwack as record number of infants born at CGH in May

‘COVID babies are coming out,’ says dad of 100th baby born at Chilliwack General Hospital last month

Syringes prepared with Pfizer’s COVID-19 vaccine at a vaccination site in Long Beach, Calif., Friday, March 5, 2021. (AP Photo/Jae C. Hong)
Walk-ins welcome at upcoming G.W. Secondary vaccine clinic

Second consecutive Saturday Fraser Health has scheduled a same-day clinic in a Chilliwack school

Migrating sockeye in the Fraser River August 7, 2007. (Fisheries and Oceans Canada)
First Nations, commercial, and recreational harvesters join forces to save Fraser River fish

‘We have to work together to rebuild these stocks while there is still time,’ says delegate

Vancouver courthouse. (Photo: Tom Zytaruk)
Man loses bid to appeal conviction for 1999 rape at Abbotsford music festival

James Redden, 53, formerly of Nanaimo, was found guilty in 2019 following six-day trial

Dozens of demonstrators gathered in March at the Hope Station House, showing support for preserving the 1916 building. (Photo/Christian Ward)
New reports breathe life into efforts to save the Hope Station House

The documents were presented to District of Hope Council at a meeting June 14

People watch a car burn during a riot following game 7 of the NHL Stanley Cup final in downtown Vancouver, B.C., in this June 15, 2011 photo. THE CANADIAN PRESS/Geoff Howe
10 years ago: Where were you during the 2011 Vancouver Stanley Cup Riots?

Smashed-in storefronts, looting, garbage can fires and overturned cars some of the damage remembered today

(Black Press Media file)
Dirty money: Canadian currency the most germ-filled in the world, survey suggests

Canadian plastic currency was found to contain 209 bacterial cultures

(pixabay file shot)
B.C. ombudsperson labels youth confinement in jail ‘unsafe,’ calls for changes

Review states a maximum of 22 hours for youth, aged 12 from to 17, to be placed in solitary

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Eleonore Alamillo-Laberge, 6, reads a book in Ottawa on Monday, June 12, 2017. THE CANADIAN PRESS/Sean Kilpatrick
Parents will need to fight ‘COVID learning slump’ over summer: B.C. literacy experts

Parents who play an active role in educating their children this summer can reverse the slump by nearly 80%, says Janet Mort

The border crossing on Highway 11 in Abbotsford heading south (file)
Western premiers call for clarity, timelines on international travel, reopening rules

Trudeau has called Thursday meeting, premiers say they expect to leave that meeting with a plan

The B.C. government’s vaccine booking website is busy processing second-dose appointments, with more than 76 per cent of adults having received a first dose. THE CANADIAN PRESS/Jonathan Hayward
B.C.’s COVID-19 infections, hospitalizations stable for Tuesday

108 new confirmed cases, 139 in hospital, 39 in intensive care

A worker, at left, tends to a customer at a cosmetics shop amid the COVID-19 pandemic Thursday, May 20, 2021, in Los Angeles. (AP Photo/Marcio Jose Sanchez)
Half of cosmetics sold in Canada, U.S. contain toxic chemicals: study

Researchers found that 56% of foundations and eye products contain high levels of fluorine

Most Read