A tale of two HSTs: Why B.C. is different
Filed Under Main Content · Tagged: Capital Investment, Consumer Goods, Faces, Hst, Hsts, Maritime Provinces, Provincial Sales Tax, Public Outcry, Sales Tax, Times Colonist Victoria, Times Colonist Victoria Bc, Trend
Times Colonist, Victoria, BC – As it faces a public outcry over the 12 per cent tax, which combines the seven per cent provincial sales tax with the five per cent GST, the B.C. government has pointed to the Maritime provinces, where the HST is linked to an increase in capital investment and a general trend to lower prices for consumer goods…
A tale of two HSTs: Why B.C. is different
Condo owners lack backstop
Filed Under Main Content · Tagged: Backstop, Bc Homeowners, Condo Owners, Goods And Services Tax, Harmonization, Loan Applications, Provincial Sales Tax, Sales Tax, Times Colonist Victoria, Times Colonist Victoria Bc
Times Colonist, Victoria, BC – Homeowners who did not meet yesterday’s deadline for loan applications will also see their home-repair costs increase next year by seven per cent due to the harmonization of the provincial sales tax and the federal goods and services tax, he said…
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
