Category: Taxes

The end of June is "high season" for residential real estate closing As the school year comes to the close and the weather turns warmer, people want to get the "business of moving" done prior to enjoying summer holidays There are a couple of unique considerations for Kelowna Real Estate at this time of year, all of ...

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The Province announced the HST Transition rules on February 17, 2012 as the Province transitions back to the PST/ GST system on April 1, 2013 For an overview see my post here If completion of New Residential Housing occurs prior April 1, 2013, the HST system with the new enhanced rebate will apply: For Primary Re...

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Together, but unheralded with the recent HST Transition Rules are the new contract disclosure requirements in Contracts of Purchase and Sale for real estate Generally the new tax regime can be briefly described as follows: HST: (12% less rebates) will apply where construction AND possession is transferred PRIOR t...

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Certain qualifying property owners can enter into an agreement with the Province of British Columbia to defer the payment of property taxes on the owner’s primary residence   The program is primarily directed toward seniors and parents of dependent children who are facing financial hardship to assist them to stay i...

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Property taxes are adjusted by your lawyer when a property is transferred  Property taxes are charged to the property (as opposed to the owner), therefore if there is a property tax bill which remains unpaid from a former owner, the current owner is liable to pay it Each year property owners are liable to pay prope...

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