Effective February 19, 2014, the new threshold for the First-Time Home Buyers’ Exemption to the PTT is $475,000, with a partial exemption for homes priced between $475,000 and $500,000. Click here to view the updated PTT fact sheet.
Just thought I would pass along some (hopefully) useful information that I just received from one of the law firms that I deal with. The material deals with the HST and HST rebates relating to the purchase of new housing.
The government of B.C. implemented the HST on July 1, 2010. The HST consists of the combination of the 7% PS ...