The GST at 5% would apply to a taxable sale of real property in British Columbia where, under a written agreement of purchase and sale, tax becomes payable after March 31, 2013.

In addition, the transition tax will apply (in addition to 5% GST) to sales of newly constructed or substantially renovated housing where:

  • the HST does not apply to the sale (GST applies)
  • the construction or substantial renovation of the new housing is 10% or more completed as of April 1, 2013, and
  • ownership or possession of the new housing transfers before April 1, 2015.