Vancouver Real Estate and Taxation

BC GST Tax & Rebate Calculator including PTT for Vancouver Real Estate

**** PLEASE NOTE - This Calculator is for entertainment purposes only and cannot be relied upon for making actual GST calculations. ***** British Columbia Goods and Services Tax for Properties & Property Transfer Tax Calculator During the Summer of 2011 BC voters by a margin of 55% rejected the Harmonized Sales Tax in favour of the Goods and Services Tax. There is a huge amount of confusion surrounding taxes on property sales here in BC.   I get so many questions on this topic that I have added this BC GST Rebate and PTT Calculator to my website to try… Find out more

How to Sell a Vancouver Condo 2 | Taxes on Selling a Property | Principal Residence?

How to Sell Your Condo in Vancouver 2: Taxes on the Sale Proceeds of your Home - Is it a Principal Residence? In Episode 1 of How to Sell a Vancouver Condo we discussed how its important to speak to your lender about mortgage penalties when deciding when to sell your Vancouver condo. There may be Taxes PAYABLE on the Sale Proceeds of My Condo?! In many cases, the answer unfortunately may be yes! Today we're going to talk about the taxes that may be payable on the proceeds of the sale of your condo. A nasty surprise may come… Find out more

HST Rebate Calculator | Vancouver Real Estate

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, HST is only payable on new properties in British Columbia.… Find out more

BC HST's Impact on Vancouver Residential Real Estate: Could it Push Prices Up?

BC HST and Vancouver Real Estate: What will be the Impact? First the Facts on BC HST! - There's a commonly held misconception about British Columbia's Harmonized Sales Ta and that is BC's HST is payable on all properties transferred in BC after July 1, 2010. This is not the case! BC HST is only payable on brand new properties! I mention this because many in the media have been saying BC's HST will have a downward effect on the Vancouver real estate market, because they're under the incorrect impression all properties will be subject to HST after the July… Find out more

Property Transfer Tax (PTT) and Vancouver Real Estate

*** Looking for a PTT Calculator? Check out the BC Property Transfer Tax Calculator! *** I get questions all the time about BC's Property Transfer Tax and how it applies to Vancouver Real Estate. Here's a simple explanation. BC's Property Transfer Tax - What is it? Property Transfer Tax (PTT) is a British Columbia tax on the sale or transfer of ownership of any residential real estate property in the Province. How Much is the PTT? BC's PTT rate is 1% on the 1st $200,000 and 2% of the balance of the purchase price of the any property sold  in… Find out more

BC HST is Only Payable on BRAND NEW PROPERTIES!

BC HST and Vancouver Real Estate Hi All, There are A LOT of misconceptions about British Columbia's Harmonized Goods and Services Tax and Vancouver Real Estate. The one I hear most is that HST will payable on all real estate transactions in BC. This is not true! HST in BC will ONLY BE PAYABLE ON BRAND NEW PROPERTIES! These are properties that have never been registered at the Land Titles Office or have never been transferred out of the ownership of the developer/builder. Quick Facts on BC's HST BC's HST comes into effect on July 1, 2010 and is 12%.… Find out more