Tag: HST Transition

I must admit, I love watching the HGTV show "Property Virgins", and seeing the excitement of first time home buyers fulfil their dreams of home ownership is one of the best things about my job In British Columbia, real estate prices (compared with much of Canada) are high relative to average income, which increa...

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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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