Your post is inaccurate re: second para. Here is the position from the BC Govt website: "Anti-avoidance provisions exist and will be enforced to ensure all foreign entities report
and pay the additional tax as required, including examining circumstances where
Canadians hold property in trust for a foreign entity or are trustees where a beneficiary
may be a foreign entity." "Failure to pay the additional tax as required or purposely completing the general or
additional property transfer tax return with incorrect or misleading information may
result in a penalty of the unpaid tax plus interest and a fine of $200,000 for corporations
or $100,000 for individuals and/or up to two years in prison. The penalties apply to
anyone who participates in tax avoidance.
Property transfers will be monitored for compliance and the province will follow up
with those businesses or individuals filing incomplete or incorrect general or additional
property transfer tax returns."