[An Article by Curtis Lindsay]
This year both home-buyers and sellers will face new taxes and legislation as the proposed Harmonized Sales Tax (HST) is scheduled to take effect July 1, 2010. The proposed HST has become a hot subject in both the media and on social networking sites. One Facebook group, opposed to the HST, has close to 130,000 members voicing their opinions and thoughts on the subject. As a REALTOR® with RE/MAX Camosun in Victoria, BC, I have already received numerous inquiries from clients about the new costs associated …

A lot of sites pushing for and opposing the harmonized sales tax have been quoting this report by Toronto Dominion Bank. It seems, however, both parties are reporting only those stats which support their positions (which should come as no surprise). In an effort to shed a little non partisan light on this issue, I will endeavor here to hash out the main benefits and detractors of HST according to this report. The following information is taken directly from the report which can be read in it’s entirety here – …

The following are exempt from the B.C. provincial portion of sales tax.Gasoline, ethanol, diesel and bio-diesel when used in motor vehicles as well as locomotive fuel used for trains, marine diesel used for boats, and aviation fuel and jet fuel used for aircraft.Books. Children’s-sized clothing and footwear…