Canada cracks global Top 10 for corporate tax competitiveness
Top 10 for corporate tax competitiveness
Top 10 for corporate tax competitiveness
The Real Estate Board of Greater Vancouver (REBGV) reports that residential property sales of detached, attached and apartment properties reached 2,362 in June, a 27.6 per cent decline compared to the 3,262 sales in June 2011 and a 17.2 per cent decline compared to the 2,853 sales in May 2012.
You can appeal your assessment, not your taxes.
An annual local government tax levied on real property based on BC Assessment’s estimated market value.
On February 17, 2012, BC Minister of Finance Kevin Falcon announced the provincial government’s intention to enhance the existing BC Harmonized Sales Tax (HST) New Housing Rebate by increasing the threshold to $850,000 from $525,000.
Every sector of the economy needs certainty to function efficiently and real estate is no exception. The recent HST debacle has affected real estate more than any other sector.
The province will transition back to the Provincial Sales Tax (PST), which will replace the Harmonized Sales Tax (HST), on April 1, 2013. Until then, the province has announced transitional rules for new homes which take effect April 1, 2012.
Consumers looking to buy a new home in the middle of the transition between the harmonized sales tax and the provincial sales tax will have answers on Friday about what their tax bill will look like.
Metro Vancouver’s new home industry is hurting badly over the absence of any transition rules to the return of the provincial sales tax since the harmonized sales tax was defeated in a referendum Aug. 26, three property experts to The Vancouver Board of Trade Friday.