HST was replaced by GST & PST from April 1st, 2013

To buy a new home, sales tax from original 12% under the HST is now 5% GST and 2% BC Transition Tax. These reduced tax rates take place from April 1st, 2013. The 12% HST applies if the seller transferred either possession or ownership of a new home to the buyer prior to April 1st, 2013; The 5% GST applies if the seller transferred both possession and ownership of a new home to the buyer on or after April 1st, 2013.

 

The real estate commission fee payable before April 1st, 2013, the 12% HST applied; If the real estate  commission is payable after April 1st, 2013, the 5%GST applied.    

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