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HST Update on New Homes

November 19th, 2009

HST updates announced today

From the Real Estate Board of Vancouver:

The BC Government has announced that it will exclude new homes costing up to $525,000 from its proposed 12 per cent Harmonized Sales Tax (HST) scheduled to take effect July 1, 2010.

The government has also increased the rebate of the provincial portion of the HST paid on a new home to a maximum of $26,250.
This represents a 30 ...