B.C.’s harmonized sales tax will hike new-home prices: home builders
Filed Under Main Content · Tagged: Building Materials, Effective Tax Rate, Harmonized Sales Tax, Home Builders, Ministry Of Finance, New Homes, Provincial Sales Tax, Rsquo, Sales Tax, Vancouver Bc, Vancouver Sun
Vancouver Sun, Vancouver, BC – Under the plan, a previous exemption from the provincial sales tax for new homes will disappear, resulting in an extra seven-per-cent tax. As some of that tax was already built into prices because it covered things such as building materials, the effective tax rate will climb about five per cent, according to the B.C. Ministry of Finance…
B.C.’s harmonized sales tax will hike new-home prices: home builders
