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ARCHIVED BLOG POSTS

2010 

Property transfer tax (‘PTT') How will the HST mesh with B.C.'s Property Transfer Tax? PTT is paid on the fair market value of a property being transferred. Today, GST payable is deducted from the fair ma~-...
06/28/2010
New residential rental property or Investor Rebate In 2000, the GST New Residential Rental Property Rebate (aka the GST Investor Rebate) was introduced for investors who buy or build new residential housing.  The HST will include a similar rebate, with the same monetary thresholds, tax rates and ...
06/26/2010
1. Residential Tenancies : Exempt from HST.  i.e. Residential landlords can not claim HST .As a result landlords will face significantly higher cost under HST. 2. Realtor commission is subject to HST of 12%. 3. Mortgage broker Fee exempt form HST. so status quo applies, but I have heard Rumors of...
06/22/2010
The number of properties listed for sale in Greater Vancouver continued to rise in May, while the number of sales showed a year-over-year decrease. The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales in Greater Vancouver totalled 3,156 in May 2010, a decline...
06/07/2010
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