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
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.