New Home HST Rebates
The impact the proposed BC HST will have on new home purchases is significant after a certain threshold. The original plan set forth by the BC provincial government was to offer anew home HST rebate priced up to $400,000. The maximum HST rebate would have been $20,000, a rebate which was put in place to make the purchase of a new home with the HST system comparable to the PST system. This rebate was not sufficient in the eyes of consumers and the real estate industry, which has led the …
