What you need to know about HST.HST Calculator

There are many people who are confused about what products you have to pay HST on.

Below is a link to a PDF file that explains which products do and do not have HST.

HST Facts

 

One thing to note is that HST on real estate is ONLY payable on NEW properties that are either purchased in a pre-sale or just after construction is finished. There is NO HST payable on real estate that has been lived in for over a year and re-sold to another party. 

For new construction, HST is applied in full to purchase prices over $525,000, with a potential rebate of $26,250. Below $525,000 for new constriction real estate, the BC government will provide a rebate of 71.43% of the provincial portion of the HST, to a maximum of $26,250, for new housing purchased as a primary residence.