Comments on: Vacation Condos get really expensive.

By: Anonymous

Anonymous — Fri, 15 Sep 2006 11:59:00 +0000

The poets cove example floored me - $1,100 a month in taxes and strata fees for a place you can only stay in 4 months of the year?! Naturally there is an uproar over this classification shift:...............12 weeks = 3 months of the yearhmmm that's onerous

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By: bcubbins

bcubbins — Fri, 15 Sep 2006 00:44:00 +0000

"$1,100 a month in taxes and strata fees for a place you can only stay in 4 months of the year?!"Actually it's only 12 weeks a year. $1100 per week of use... good thing for double-digit price increases!!!!!! right??

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By: Anonymous

Anonymous — Thu, 14 Sep 2006 15:45:00 +0000

heh ... funny. reminded me of something I read a long, LONG time ago(70s maybe) regarding the US IRS and some tax regulation or other. "If you look like a farmer, talk like a farmer, and especially if you SMELL like a farmer ... "

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By: bc_cele

bc_cele — Wed, 13 Sep 2006 21:43:00 +0000

As an accountant in my former life I can't tell you how many times I warned clients that if it looks to good to be true then it probably is. CCRA is not your friend (or in this case a provincial authority) and there are too many accountants and lawyers out there that are willing to play fast and free with things.

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By: thestreet

thestreet — Wed, 13 Sep 2006 16:15:00 +0000

This has got to really hurt the resale market for these condos, I wonder if BC assesment is going to get aggressive with reclassifying all these types of property.

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