How does the new tax sale Harmonized (HST) affect households before the sale in BC, Canada?
I recently purchased a pre-sale condominiums in BC that will be built until 2012, after the HST will be held in British Columbia, Canada. I already paid my deposit for the home, but you will not pay the full amount until 2012, when the condo is built. Does that mean I have to pay 7% additional tax that is paid for from the apartment in full after the HST was implemented on July 1, 2010? The ideas will be appreciated! Thank you!
Yes, you will have to pay tax which is payable when the transaction closes in 2012.
Stop the Harmonized Sales Tax (HST) in British Columbia
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