Assumptions: Calculator created Feb 19th, 2014. GST calculated as 5% on Purchase Price,
calculated on new homes only. Rebate
of 36% of GST on homes less than $350,000, and partial rebate on homes
between $350,000 and $450,000.
Property Transfer Tax (PPT) calculated as 1% on first $200,000, 2% on
remaining amount. First time home
buyers are exempt when purchase price is below $425,000. Partial exemption when purchase price is
between $425,000 and $450,000. Total
Purchase cost is the sum of the Purchase Price, Net BC GST, & Net
Property Transfer Tax. For estimation
purposes only, please consult a professional to receive accurate and
objective advice. Parts of this page
are copyrighted © 2002-2007 Framtidsforum I&M AB, SWEDEN.