Vancouver: Earning & Living on the West Coast
Navigating the unique mix of high costs, tech opportunities, and cross-border income.
The Standards of Living in BC
The "Sunshine Tax" (Cost of Living)
Vancouver is beautiful, but expensive. Gas, insurance (ICBC), and rent are among the highest in Canada. Budgeting here is different—you need a higher gross income to maintain the same standard of living as elsewhere.
The Tech & US Connection
Vancouver is "Hollywood North" and a major Tech Hub. We see many clients working remotely for US companies (Seattle/SF). This creates complex "Cross-Border" tax situations where you live here but earn in USD.
Real Estate & Speculation Taxes
BC has unique taxes like the "Speculation and Vacancy Tax". If you are an immigrant buying property, or if you keep a home empty, you face strict penalties that don't exist in other provinces.
The "Gig" Survival Mode
To afford the lifestyle, many juggle a main job finding specialized gigs in film production, event catering, or tourism—industries that are seasonal and volatile.
Who We Help in Vancouver
The US Remote Worker
Living in Kitsilano, working for a Silicon Valley startup. Determining tax residency and avoiding double taxation is a primary concern.
The Property Investor
Trying to get into the market. Needs to understand rental income reporting and the specific BC tenancy laws that impact expenses.
The Film Industry Creative
Contractors in VFX, animation, or set design. Incredible income for 6 months, then 3 months of nothing. Tax preparation for them is about smoothing out these peaks and valleys.
Newcomers from Asia & Europe
Often arriving with assets abroad. The T1135 (Foreign Income Verification Statement) is critical here—penalties for failing to declare foreign property are severe.
BC is Beautiful, But Strict
Between ICBC rates, Provincial Sales Tax (PST), and housing rules, British Columbia has a unique bureaucratic landscape. We help you navigate the federal + provincial mix.
I work for a US company remotely from Vancouver. Where do I pay taxes?
If you live in Vancouver (residential ties), you are likely subject to tax in Canada on your worldwide income. However, you claim a Foreign Tax Credit for any US tax paid. It’s complex—don’t guess.
Enjoy the mountains, but don't ignore the paperwork. Let's keep your CRA status clean.