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Blog entries tagged with "gst":
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1. Where is Prince Edward Island located? Answer: Prince Edward Island is located on the east coast of Canada, next to Nova Scotia, and New Brunswick. 
OTTAWA, Ontario, March 04, 2008 - The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of one percentage point to 3 1/2 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 3/4 … (0 comments)
The tax changes outlined in the federal government's economic statement will bring significant savings to new homebuyers, but will also benefit existing homeowners. According to government calculations, the reduction in the GST rate from seven per cent to five per cent will save a family purchasing a new $250,000 home $3,200 … (0 comments)
The GST rate will be reduced by one percentage point from 6% to 5%, effective January 1, 2008. To facilitate the transition to the lower rate, transitional rules for determining the GST rates applicable to transactions that straddle the January 1, 2008 implementation date have been enacted.
On October 30, 2007 the federal government announced a reduction in GST (Goods and Services Tax) from 6% to 5%. GST only applies to sales of newly constructed and substantially renovated homes. GST is not applied to the purchase price of resale homes. If you are in the process of buying a home where GST … (0 comments)