We are returning to the GST from HST, more info on how it applys to Real Estate
As of April 1, 2013, the HST (Harmonized Sales Tax will be replaced with our old GST and PST.
Here is a great visual aid to show you how it affects us in Real Estate transactions and when HST applies and when the GST applies in sales.
This is great information from the BCREA, they have furthermore developed a great website which includes calculators and other helpful information to walk you through the transaction from HST to GST & PST. www.bcrea.bc.ca/government-relations/hst-pst-resources.
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