HST calculator for your Vancouver Condo
For now the HST is here and a huge factor, when deciding whether you will buy a presale condo or not. There is a lot of questions surrounding HST and to help you with those I have included a couple of links that may answer those questions for you.
H.S.T. has different implications for used residential real estate and new residential real estate. This link provides basic rules regarding H.S.T., and the basic rebates applicable. http://www.bcrealestatelawyers.com/hst/basicinformationhst.htm
This second link is provided so you will know exactly how much H.S.T. you will be paying on your property. Again different costs for different uses of the property are in place. http://www.bcrealestatelawyers.com/pricing/hstcalculator.html
If an individual purchases a new vacation property (including a substantially renovated property) that is to be used as a place of residence for that individual or lodging for individuals then it will generally be taxable. A new vacation property is one where there has been no occupancy as a place of residence or lodging before the purchase. Here is the information on unique property purchases.
http://www.bcrealestatelawyers.com/hst/unique_properties.htm
If you have other questions about H.S.T. or about real estate in general please email me at kathystilwell@gmail.com