Builders tinker with prices to fit the HST
Filed Under Main Content · Tagged: Burst, Developers, Fit, Globe And Mail, Globe Mail, Greater Toronto Area, Harmonized Sales Tax, Home Builders, Hst, July 1, New Homes, Outrage, Sales Tax, Tinker
The Globe and Mail- After a burst of outrage when it was first announced, home builders and high-rise developers across the province have reluctantly accepted that the new harmonized sales tax is here to stay come July 1.
Most affected are those operating within the Greater Toronto Area. With a $400,000 starting point for application of the HST, new homes in smaller centres will – in the main – be exempt…
Builders tinker with prices to fit the HST – The Globe and Mail
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
