Affordable housing in action with the new BC NDP budget. Some tasty increases. 7% PST added to many things

There will be an expansion of the PST to cover a wider range of professional services, including accounting, bookkeeping, architectural design, engineering, geoscience, rental property and strata management, transaction commissions related to buying and selling non-residential real estate, and private investigation.

The province will increase the speculation and vacancy tax rate for foreign owners and untaxed worldwide owners to four per cent.

Additionally, there will also be increases to B.C.’s Personal Income Tax starting this summer, and the School Tax — a provincial property tax — and the Speculation and Vacancy Tax beginning in 2027. Some changes will also be made to the Property Tax Deferment Program.

https://dailyhive.com/vancouver/bc-pst-tax-applicable-changes-2026

https://news.gov.bc.ca/releases/2026FIN0003-000158#:~:text=Expanding%20B.C.’s%20PST%20tax%20base,security%20and%20private%20investigation%20services.