British Columbia Socialism

The 1st North Americans were not who we thought they were

For decades, we thought the first humans to arrive in the Americas came across the Bering Land Bridge 13,000 years ago. New evidence is changing that picture.

During the last ice age, humans ventured into two vast and completely unknown continents: North and South America. For nearly a century, researchers thought they knew how this wild journey occurred: The first people to cross the Bering Land Bridge, a massive swath of land that connected Asia with North America when sea levels were lower, were the Clovis, who made the journey shortly before 13,000 years ago.

According to the Clovis First theory, every Indigenous person in the Americas could be traced to this single, inland migration, said Loren Davis, a professor of anthropology at Oregon State University.

https://www.livescience.com/archaeology/the-1st-americans-were-not-who-we-thought-they-were

Humans could have arrived in North America 10,000 years earlier, new research shows

But some of the recent finds suggest that people made their way onto the continent much earlier. The discovery of human footprints in New Mexico, which were dated to around 23,000- years-old, is just one example, and Archaeologists have found evidence of coastal settlements in western Canada dating from as early as 14,000-years-ago.
Fossilized footprints in White Sands National Park in New Mexico are now believed to be 23,000 years old, according to a new study.

https://www.usatoday.com/story/news/nation/2023/12/22/first-people-arrive-north-america/72004991007/

Lawyers in B.C. will be first in Canada required to study Indigenous issues, history, law society says

https://www.cbc.ca/news/canada/british-columbia/bc-law-society-lawyers-indigenous-1.5389177

High income taxes make B.C. less attractive and productive

https://www.fraserinstitute.org/article/high-income-taxes-make-bc-less-attractive-and-productive

Income tax pushes B.C.'s surplus to $5B above estimate, finance minister says

https://www.cbc.ca/news/canada/british-columbia/bc-ministry-of-finance-fiscal-update-2022-1.6664441

The Real Cost of Buying Luxury Cars in B.C.

Personal Income Tax

If you are purchasing a new luxury car, then you are most likely in the top tax bracket, and the income that you will use to fund the purchase is most likely being taxed in that top bracket. The top combined Federal and Provincial personal income tax rate in B.C. is 53.50% on income in excess of $220,000.

https://www.dmcl.ca/between_sheets/the-real-cost-of-buying-luxury-cars-in-b-c/

Could a new tax on homes worth $1M and up help fix Canada's housing crisis?

https://www.cbc.ca/news/business/housing-wealth-tax-1.6306156

The 2023 Guide to Property Transfer Tax in BC

How is PTT Calculated in British Columbia?

In British Columbia, the Property Transfer Tax rate is 1% on the first $200,000 of the purchase price, 2% on the portion of the purchase price between $200,000 and $2 million, and 3% on the portion of the purchase price above $2 million.

If the fair market value of the property is more than $3 million, an additional 2% is charged on the portion above $3 million.

https://solimanolaw.ca/blog/property-transfer-tax-in-bc/