CENTURY 21 In Town Realty - Blog - CENTURY 21 In Town Realty

Recent Blog Posts by CENTURY 21 In Town Realty
British Columbia HST Transitional Rules We have seen a number of changes to our tax system over the last few years and we are about to enter into another phase at the end of this month. Thank you to Chantel Chapman for laying out the HST transitional rules. See below If you have any mortgage questions contact Chantel directly! The Integré Mortgage Partners Team Chantel Chapman, AMP Mortgage Partner 604-904-6910 office 604-377-9744 cell 604-677-6167 fax ... Posted by Morgan DuVernet on March 19, 2012		More
HST Transition...what does it mean for you? British Columbia will cease to operate a Harmonised Sales Tax (HST) system on April 1, 2013 after transitional proposals were released and relief measures outlined. The federal Canadian Department of Finance has issued the proposed transitional rules which facilitate the province's elimination of the HST system. The HST had blended the 5% federal Goods and Services Tax (GST) with the 7% provincial ... Posted by Eniz Aziz on February 22, 2012		More
HST referendum vote details confirmed VICTORIA – The B.C. government announced on April 8, 2011 the process by which British Columbians will cast their ballot in the HST referendum vote this summer. Key Dates: • Monday, June 13 – Elections BC starts mailing out referendum ballots for the HST to all registered voters. • ... Posted by Sanjin Cvetkovic on April 12, 2011		More
HST - Good or Bad - The Real Story ? As the HST debate still rages and the referendum date closes in, the BC Government today announced the formation of an independent panel to search out once and for all (or so they hope) the definitive answer to so many questions and hopefully cool the hot debate on the HST front - should it stay or should it go. No doubt the HST issue is key to all political parties in an upcoming election ... Posted by Mike Cook on January 27, 2011		More
HST - Good or Bad - The Real Story ? As the HST debate still rages and the referendum date closes in, the BC Government today announced the formation of an independent panel to search out once and for all (or so they hope) the definitive answer to so many questions and hopefully cool the hot debate on the HST front - should it stay or should it go. No doubt the HST issue is key to all political parties in an upcoming election ... Posted by Mike Cook on January 27, 2011		More
Survey: Misconception in B.C. about HST and real estate Apparently there is much confusion about the HST and real estate in BC. Have a read and remember, HST only affects NEW product, not resales so if you are buying a previously lived-in property, you won't have to pay HST. Posted by Shaun Kimmins on August 5, 2010		More
HST - the difficult transition I wanted to touch base to remind everyone that BC’s new HST (Harmonized Sales Tax) is now in effect for goods and services purchased in BC. As of July 1 2010 most goods and services now have a total tax of 12%. The 12% is a combination of the Goods and Services Tax or GST (5%) and Provincial Sales Tax (7%) and is payable on real estate commissions. For those of you who’s offers were accepted ... Posted by Shaun Kimmins on July 13, 2010		More
Impact BC's HST on Vancouver Residential Real Estate: Could it Push Prices Up? By Mike Stewart, Vancouver Realtor BC HST’s Impact Vancouver Residential Real Estate: Could it Push Prices Up? By Mike Stewart, Vancouver Realtor View on ExposureRoom BC HST and Vancouver Real Estate: What will be the Impact? First the Facts on BC HST! – There’s a commonly held misconception about British Columbia’s Harmonized Sales Tax and that is that BC’s HST is ... Posted by Mike Stewart on July 7, 2010		More
Canada Day, HST, and Vancouver Real EstateVancouver Canada Day Celebrations Vancouver Canada Day Celebrations Canada Day. A time for celebration. Each year, Vancouver hosts some of the country’s best Canada Day parties. If you want to attend public celebrations this year, the festivities across Vancouver will last from dawn until well after dusk. Start the day off right with a Truly Canadian Pancake Breakfast at Granville Island, beginning at ... Posted by Jules Seaman on June 26, 2010		More
HST...what is taxable? Here is a helpful brochure explaining the effect of the upcoming HST in British Columbia. HST, What is taxable? For more info visit: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/gnrl/menu-eng.html. Craig Rushton, CENTURY 21 In Town Realty, 604.505.6503, craig@craigrushton.com, www.craigrushton.com Posted by Craig Rushton on June 15, 2010		More
Real Estate and HST Here are a few facts about how HST will affect home purchases after July 1st 2010. For more detailed information please contact Jennifer Sanderson at Century 21 In Town Realty at www.jennifersanderson.ca 1) HST does not replace the current PPT (property transfer tax). PPT is a separate provincial tax on ALL property transfers. The rate is 1% on the 1st $200,000 and 2% on the balance of the ... Posted by Jennifer Sanderson on May 14, 2010		More
HST information on all new property purchases (Not Re-Sale) effective in BC July 01 2010 HST on all NEW properties (NOT re-sale) effective July 1st, 2010 5% GST plus 7% PST = 12% HST * HST applicable on all NEW properties completed AFTER June, 2010 * 1) GRANDPARENTED * Any pre-sale contract entered into BEFORE November 18th, 2009 that completes after July 1st, 2010- NO HST- ONLY GST * Any pre-sale contract entered into AFTER November 18th, 2009 that completes after June, 2010- HST ... Posted by Michael LaPrairie on April 13, 2010		More
Vancouver real estate and the HST Vancouver real estate and the HST An ex-premier has warned that a harmonized sales tax will hurt the housing sector, but not everyone agrees with him. By Charlie Smith In its letter to Simpson, the B.C. Liberal party noted that there are no provincial sales taxes on energy-efficient appliances, club and gym membership fees, newspapers and magazines, restaurant meals, and the ... Posted by David Hutchinson on April 13, 2010		More
HST on New Properties HST on New Properties HST on all NEW properties (NOT re-sale) effective July 1st, 2010 5% GST plus 7% PST = 12% HST * HST applicable on all NEW properties completed AFTER June, 2010 * 1) GRANDPARENTED * Any pre-sale contract entered into BEFORE November 18th, 2009 that completes after July 1st, 2010- NO HST- ONLY GST * Any pre-sale contract entered into AFTER November 18th, 2009 that completes ... Posted by Anna Labadze on January 27, 2010		More
More Harmonized Sales Tax (HST) info Some more info on the Harmonized Sales Tax (HST). For more, please go to: www.cra.gc.ca/harmonization ... Choose a province ... Forms & Publications... NOTICE246 ... PDFnotice ... HST on all NEW properties (NOT re-sale) effective July 1st, 2010 5% GST plus 7% PST = 12% HST * HST applicable on all NEW properties completed AFTER June, 2010 * 1) GRANDPARENTED * Any pre-sale contract entered ... Posted by Shaun Kimmins on January 20, 2010		More
Information on the pending HST tax BC Comprehensive Integrated Tax Coordination Agreement The Province and the federal government have signed an agreement on the implementation of HST in British Columbia. The Comprehensive Integrated Tax Coordination Agreement (CITCA) contains the terms and conditions under which B.C. will participate in the HST with the federal government. HST General Transitional Rules General rules are ... Posted by Shaun Kimmins on January 19, 2010		More
Harmonized Sale Tax (HST) and Vancouver Real Estate, Blog by Vancouver Realtor, Mike Stewart Harmonized Sales Tax (HST) and Vancouver Real Estate by Mike Stewart Century 21 In Town Realty Vancouver BC View on ExposureRoom Hi All, I have been getting A LOT of questions about The British Columbia Government’s new Harmonized Sales Tax and how it will affect Vancouver Real Estate. 4 Quick Facts on BC’s proposed new 12% HST effective July 1, 2010: ... Posted by Mike Stewart on November 25, 2009		More
HST gets a small adjustment The BC Provincial government showed a card from it's hand today when they announced they will up the HST threshold on new homes from $400,000 to $525,000 today. This effectively lessons the tax burden 30% on purchaser of new homes. The tax credit jumps from $20,000 to $26,250. While the added tax relief is welcome it still falls short of what many lobby groups were demanding. There ... Posted by Barry Connerty on November 20, 2009		More
Legal Flash - November 2009 HST is coming and, as of yet, we still don’t have a full break down of what we can expect. So far the government has been somewhat aloof with respect to filling us in. Some speculate that they are still putting it all together. Many interest groups are currently lobbying the government to allow for exceptions to the Harmonized sales tax or to exempt their products all together. ... Posted by Barry Connerty on November 20, 2009		More
HST - threshold VICTORIA - B.C. is proposing to increase the threshold for the B.C. HST new housing rebate from $400,000 to $525,000, Finance Minister Colin Hansen announced Thursday in a news release. "We heard the concerns from consumers and industry about how the HST might affect home buyers, and this increase will move the threshold to above the average new home price in the province. At $26,250, this ... Posted by Mike Walton on November 19, 2009		More
B.C. to jack up HST threshold on new housing rebate to $525,000 VANCOUVER — After weeks of hot political debate, public protest and industry lobbying, a crack appeared in the provincial government's implementation of the hugely unpopular harmonized sales tax Thursday with a change to how it will apply to new housing. “We heard the concerns from consumers and industry,” Finance Minister Colin Hansen said in announcing that government will ... Posted by Aleya Bhaloo on November 19, 2009		More
Legal Flash - November 2009 HST up date Vancouver BC HST is coming and, as of yet, we still don’t have a full break down of what we can expect. So far the government has been somewhat aloof with respect to filling us in. Some speculate that they are still putting it all together. Many interest groups are currently lobbying the government to allow for exceptions to the Harmonized sales tax or to exempt their products all together. ... Posted by Barry Connerty on November 19, 2009		More
HST impact on Vancouver B.C. Real Estate Market The B.C. government's pending July 1st 2010 harmonized tax plan is adding fuel to the already hot market as Buyers try and purchase homes before the new tax kicks in. read full article in Globe and Mail here For more information on Vancouver properties for sale contact Kerry Stimpson CENTURY 21 604-916-8100 kerryc21@gmail.com Posted by Kerry Stimpson on October 23, 2009		More
HST Update October 22 2009 We will keep you posted to News relating to the BC HST Century 21 In Town Realty, for all your Vancouver Real Estate needs 604.685.5951 HST General Transitional Rules General rules are provided here to help guide businesses and consumers in a smooth changeover to the proposed Harmonized Sales Tax (HST) in July 2010. The HST Transition Rules specify technical details about paying the HST in the ... Posted by Michael LaPrairie on October 22, 2009		More

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