Thursday, August 13, 2009

Comprehensive BC HST Resource Base – Information/News About the British Columbia Harmonized Sales Tax

If you are looking for a website containing all the latest information regarding the new B.C. HST Tax, you have come to the right place! The new British Columbia Harmonized Sales Tax was announced by the BC Liberal Government in late July 2009 and will be introduced on July 1st, 2010, even with 85% public opposition to the new tax burden on consumer goods and services. The new BC HST is the harmonization of the 5 per cent Federal GST and the 7 per cent Provincial PST. The B.C. HST is the fifth of its kind in Canada, following Ontario, Newfoundland/Labrador, New Brunswick and Nova Scotia. For details about the BC HST on homes, BC HST on rent, rebates, transitional rules/policies, input tax credits, exemptions, other pertinent details regarding the new Harmonized Sales Tax, please read below. In addition, we have information about the anti-HST petitions, campaigns and movements currently increasing in number and support as well as an excellent B.C. HST Price Chart showing the tax increase difference when purchasing new homes after the introduction of the new tax. Click on the following links for more comprehensive HST information:

The BC Liberal Government Announced the Introduction of the BC HST Harmonized Sales Tax in Late July 2009.

1 | The Anti-HST Movement that includes the NO BC HST Facebook Campaign, the NDP Petition and the BC Liberal Recall Campaign. How severe is the HST backlash?

2 | A great B.C. HST Price Chart showing the increase in tax payable on new homes and closing fees for new property between $100,000 to $2,000,000.

3 | The Top 10 Facts about the BC HST and how it will increase new home prices.

4 | Comprehensive list of goods and services subject to the new BC Harmonized Sales Tax including exemptions and how the BC HST interacts with other current taxes.

5 | Information about the Partial HST Rebate on new homes in BC and Greater Vancouver. BC HST Rebate updates and news.

6 | Details about the BC HST Transitional Rules (or lack there of) and how it compares to the Ontario HST transitional policies. HST Transition will take time.

7 | Is there BC HST on rent? How does the new harmonized sales tax affect Vancouver rental rates and rental housing? Will the B.C. HST increase rents?

8 | The BC HST versus the Ontario HST? What are the differences between the BC and Ontario HST taxes that are both being introduced July 2010?

Newest BC HST articles published online:

Implications of B.C. HST on new Vancouver pre-construction condos, presale homes and real estate as well as effects of HST on first time home buyers.

Will GREEN initiatives and energy efficiency upgrades suffer because of the BC HST? BuiltGREEN products and services will be severely taxed and numbers don't make sense.

The British Columbia Harmonized Sales Tax of 12% HST will come into effect on July 1st, 2010.

9 | The BC HST versus the Maritime HST in Atlantic Canada? What are the major fundamental differences between the Newfoundland, Nova Scotia and New Brunswick HST taxes compared with British Columbia’s?

10 | Reaction from the construction and homebuilding industries. How is the new BC HST going to affect BC homebuilders, new condo developments, and jobs in the real estate industry?

11 | The new BC HST will see decreased housing affordability, increased rents, a BC construction industry crash and fewer first time homebuyers.

12 | The Top 10 Benefits of the BC HST according to the announcement presentation by the BC Liberal Government in late July 2009.

Stay tuned for more updates and information about the British Columbia Harmonized Sales Tax as they are announced.

Labels: , , , , , , , ,

Bookmark and Share


Post a Comment

<< Home