Burnaby apartment building owner loses appeal over $6M foreign buyer's tax bill

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Burnaby apartment building owner loses appeal over $6M foreign buyer's tax bill
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The numbered company that acquired a lowrise apartment building at 5978 Wilson Ave. in Metrotown in 2018 has lost a bid to have a $6-million foreign buyer's tax bill overturned.

The owner of a Burnaby lowrise apartment building has lost a bid to get out of a $6-million foreign buyer’s tax bill.

In December 2020, the Ministry of Finance assessed the company for an additional $6 million because it was "controlled" by a foreign corporation. That company, meanwhile, was controlled by majority shareholder Mailin Chen, a permanent resident of Canada.

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