Vancouver Real Estate and Downtown Condos - Les Twarog & Sonja Pederson - RE/MAX REALTORS®
Description: HST BC: The Sales Tax in British Columbia The implementation of the HST in British Columbia, also known as the BC HST tax or BC harmonized sales tax, has
The HST BC impacts consumers in different ways than the old PST+GST system. Understanding the impact of the HST as well as the PST+GST on your budgeting and spending decisions is important.
Estimates presented by the Independent Panel indicate that unless you are among the lowest 15 per cent of income earners, the 12 per cent HST is costing you more money than the PST+GST did– on average $350 more per family, annually.
It is estimated that the HST will remove about $1.9 billion in sales tax from business inputs and result in about $150 million in administrative savings annually for B.C. businesses.
Vancouver Real Estate and Downtown Condos - Les Twarog & Sonja Pederson - RE/MAX REALTORS®