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B.C. announces new clean energy building rebates
Posted September 18, 2024 7:38 am. A new program aimed at supporting people and communities to make the switch to clean energy and save on their energy bills was announced by the B.C. government Tuesday. Minister of Energy, Mines, and Low Carbon Innovation Josie Osborne explained the ministry is launching the Clean BC Multi-Unit Residential Building Retrofit Program in partnership with BC Hydro. She says this program will provide rebates and energy coaching to business owners, strata councils, and equity co-op boards to undertake whole-building retrofits. “This includes everything from heat pumps to LED lighting, electrical upgrades, to better windows and ventilation,” she said. “Rebate amounts will depend on what retrofits and upgrades the building requires.” Osborne says one example could be that a building is switching from fossil fuel heating to electric heat pumps and may then receive $3,000 per heat pump installed. The minister says retrofitting buildings to make them cleaner is complex, and this program provides one-on-one advice and energy coaching to support building owners and managers in navigating the process. The ministry expects that a typical 65-unit building could save as much as $16,250 per year, or $250 per year per suite, after switching from central gas heating to in-suite heat pumps. “Making smart choices about how we use clean electricity has been core to our business for over 35 years,” said Chris O’Riley, president and CEO of BC Hydro. “Energy-efficiency programs defer the need for additional capital infrastructure, helping to keep rates affordable and offer additional flexibility to our electricity system. But equally important, programs like this one and the many others we offer provide our customers with the opportunity to save energy and money.”
Sale of Real Property by Non-Residents
Sale of Taxable Canadian Real Property Under the ITA the Canadian government has the right to tax a non-resident’s sale of Canadian real property. The tax is calculated on either: As it is more difficult for the Canadian government to collect tax from a non-resident, the ITA also makes the buyer liable for a payment of tax on the sale…
Vancouver Empty Homes Tax
Targeting both the approximately 10,000 year-round empty and 10,000 under-occupied homes in Vancouver, homes which are unoccupied for six full months of the year or more, will be subject to the 1% Empty Homes Tax (the “EHT”) imposed by Vancouver’s new Vacancy Tax By-Law No. 11674 (the “By-law”). Homes that are determined or deemed to be vacant…
New social housing coming to Grandview-Woodland neighbourhood
A 93-unit social housing building in East Vancouver is moving forward, promising safe, sustainable, and inclusive housing. BUYERS – Find the best deals, foreclosures, bank distress, estate sales and exclusive listings. Visit www.vreg.ca and go to “EXCLUSIVE DEALS” SELLERS – Get the highest possible price. What your home is worth, visit www.activeandsold.com Read More Share…