Blog by Kevin Sing

HST and Transition Tax for New Housing

February 22nd, 2012

From the BC Real Estate Law blog (bcrealestatelaw.com)

Comparing HST and Transition Tax for New Housing

The Province announced the HST Transition rules on February 17, 2012 as the Province transitions back to the PST/ GST system on April 1, 2013. For an overview see my post here.

If completion of New Residential Housing occurs prior April 1, 2013, the HST system with the new enhanced rebate ...

BC Budget good for Buyers

February 22nd, 2012

BC budget is good news for Real Estate

New Relief for First Time Home Buyers

Budget 2012 introduces new relief for first-time buyers of newly built homes — giving consumers a break while supporting the new-home construction sector. Effective February 21, 2012, to March 31, 2013, the $10,000 B.C. First-Time New Home Buyers’ Bonus will give a temporary, refundable income tax credit for first-ti ...