British Columbia Order in Council — Order under Residential Property (Short-Term Holding) Profit Tax, ss (O.C. 648/2024)

O.C. 648/2024

British Columbia — Orders in Council

PROVINCE OF BRITISH COLUMBIA ORDER OF THE LIEUTENANT GOVERNOR IN COUNCIL Order in Council No. , Approved and Ordered Lieutenant Governor Executive Council Chambers, Victoria On the recommendation of the undersigned, the Lieutenant Governor, by and with the advice and consent of the Executive Council, orders that, effective January 1, 2025, the Interest Rate Under Various Statutes Regulation, B.C. Reg. 386/92, is amended by adding the following section: Interest rate under Residential Property (Short-Term Holding) Profit Tax Act For the purposes of

section of the Residential Property (Short-Term Holding) Profit Tax Act, the rate of interest for each successive month period beginning on January 1, April 1, July and October in every year is 3% above the prime lending rate of the principal banker to the Province on the 15th day of the month immediately preceding that month period. Minister of Finance Presiding Member of the Executive Council (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made: (This

part is for administrative purposes only and is not part of the Order.) Authority under which Order is made:A Act and section: Residential Property (Short-Term Holding) Profit Tax Act, S.B.C. 2024, c. 14, ss. 59 and Other: O.C. 1523/92 R10852411 December 9, 2024

Document details

Collection	British Columbia — Orders in Council
Citation	O.C. 648/2024
Type	order_in_council
Volume / chapter	arc oic 0648 2024
Language	en
Format	pdf
Source	PROVINCIAL
Identifier	55771239f1728cf668c9470634275e737eb04433

Source file is stored in the law ingest library (pdf).