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HST Rebate Calculator | Vancouver Real Estate

Please Note GST has Replaced HST in British Columbia! - Looking for GST Rebate Calculator for Real Estate in BC? Misconceptions and the Need for an HST Calculator for New Homes and Presales in Vancouver! When the Harmonized Sales Tax (HST) replaced British Columbia's Provincial Sales Tax (PST) and the Federal Goods and Services Tax (GST) July 1st, 2010 there was a LOT of confusion among those interested in Vancouver Real Estate to say the least! One of the greatest misconceptions about the HST was that the Harmonized Sales Tax was payable on all real estate transactions in BC. Fortunately,…

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Harmonized Sales Tax (HST) and Vancouver Real Estate

 Hi All, I have been getting A LOT of questions about The British Columbia Government's new Harmonized Sales Tax and how it will affect Vancouver Real Estate. 4 Quick Facts on BC's proposed new 12% HST effective July 1, 2010: It only applies to BRAND NEW properties and is paid when the property completes at the Land Titles Office.  The HST is NOT PAYABLE on re-sale properties or used properties. Increase in the maximum threshold for rebates on HST from $400,000 to $525,000; The maximum rebate will be increased to $26,250; Transitional rules will apply - if you enter…

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