
B.C.’s first time home buyers’ program gives a tax break to certain Canadian citizens and permanent residents, but it also allows people who become citizens or residents within 12 months of the purchase to apply for a rebate on savings they’d missed.De Jong said he’s considering other ways to make the tax fairer, as government analyzes the impact of its abrupt August 2016 implementation. The tax was supposed to cool an overheated housing market in the Lower Mainland, but caught many by surprise because it came from a government that had been reluctant to pin any blame on wealthy foreign buyers.“It was an example of policy shock,” admitted de Jong. “And so, in the aftermath, people have raised certain specific circumstances. That analysis is ongoing.”The tax’s fundamentals — such as its rate and focus on the Lower Mainland — aren’t yet up for debate.“There’s not going to be change in the rate and I rather suspect there will not be a change at this point in the applicable geography,” said de Jong, dismissing calls to expand the tax to southern Vancouver Island and the Okanagan.NDP critic David Eby said government’s consideration of rebates is the least it could do for people who lost their deposits, and in some cases their entire real estate deal, because of the sudden impact of the foreign buyer tax.“It was devastating for them,” said Eby. “At a minimum, the government should be moving quickly to fix this problem but they should have recognized this was a problem in the first place.”Eby and the Opposition NDP proposed the foreign buyer tax exemption for people with work permits last year, but the idea was dismissed by de Jong and the governing Liberals.rshaw@postmedia.comtwitter.com/robshaw_vansun