Those who buy or build new homes, or substantially renovate their homes, are eligible for this rebate of up to $26,250.
To find out how much tax you’ll pay on new housing, enter the price in the BC new home HST calculator.
Under $525,000 Purchase Price, there is
No Real Difference!
Don't wait for a referendum in order to go house shopping - the GST isn't going anywhere, and with the current HST Rebate for purchases under $525,000, the net taxes work out to just slightly more than 5%.
Examples:
$379,900 + HST = $402,076
Purchase Including Net HST
$397,700 + HST = $422,244 Purchase
Including Net HST of $24,544
$409,900 + HST = $436,066 Purchase
Including Net HST of $26,166
$419,900 + HST = $447,396 Purchase
Including Net HST of $27,496
$429,900 + HST = $458,726 Purchase
Including Net HST of $28,826
New Home BC HST online calculator:
Courtesy Rosborough & Co Real Estate Lawyers
- OR -
Download Excel File:
Courtesy: http://hst.blog.gov.bc.ca