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HST ( Harmonized Sales Tax)




The BC GST for property is a 5% Federal tax that is payable on the sale of brand new properties in British Columbia. This means newly constructed properties sold by a developer or an owner builder.

This also means that presale condos that are both bought from the developer or from another investor as anassignment of contract are subject to BC GST.


Source: BCREA PST Transition Rules website at www.bcrea.bc.ca/government-relations/pst-transition-rules

For more information view the Board’s Fact Sheet: Information about the HST/PST New Housing Transition Rules.
If you have questions, call Harriet Permut, Manager, Government Relations at 604.730.3029.













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Mike Shafie 604-230-1000



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