Sunshine Coast Economic Development - British Columbia, Canada

Taxation

Taxation

Personal Income Tax

Federal Provincial
Earned Income 15 – 29% 5.1 – 14.7%
Other Income (e.g. pensions, dividends) 0 – 14.5% 0 – 3.9%
Capital Gains 7.5 – 14.5% 2.1 – 7.4%

Residential Property Values

Per MLS® data, housing prices have risen sharply in the past year, although the volume of sales has declined. The following table indicates statistics for detached home sales as of August 1, 2017.

Area Median Sales Price % Change (2017 vs 2016)
Gibsons (includes Areas E and F) $ 627,000 + 20.7%
Roberts Creek (Area D) $ 765,000 + 29.9%
District of Sechelt $ 572,000 + 25.7%
Halfmoon Bay (Area B) $ 646,000 + 19.7%
Pender Harbour (Area A) $ 521,500 + 17.2%

While prices are on the rise throughout BC (averaging a 25% increase over 2016 province-wide), Sunshine Coast prices and residential taxes and charges still compare very favourably with other popular markets.

Average Residential Assessment Residential Mill Rate / Taxes
Town of Gibsons $ 483,454 $4,119
District of Sechelt $ 499,442 $ 3,692
Sunshine Coast Regional District* $ 525,615 $ 2,800
City of Burnaby $ 1,232,725 $ 5,699
City of North Vancouver $ 1,211,025 $ 5,205
City of Victoria $ 679,000 $2,488

* Approximate average: assessments and tax rates vary widely across rural areas

Business and Industrial Taxes

Residential mil Rate Business mil Rate Industrial mil Rate
Town of Gibsons 7.3673 19.8838 22.8342
District of Sechelt 7.5875 18.2741 23.7000
Sunshine Coast Regional District 5.20 * 13.0000 17.9000

* Approximate average: rates vary across Areas

Sales Tax

Federal Goods & Services Tax (GST) 5% GST on business inputs is fully recoverable
Provincial Sales Tax (PST) 7% Some business purchases are exempt

 

Sunshine Coast Regional Economic Development Organization

District of Sechelt Sechelt Indian Government District SCRD   Gibsons

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