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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   12% HST coming to BC (https://www.revscene.net/forums/583579-12%25-hst-coming-bc.html)

ASG111 07-27-2009 02:36 PM
Quote:
Originally Posted by miss_crayon (Post 6522681)
^^ PTT not PST

there will be a new sliding scale for HST rates with every price range so not everyone will be paying the full 12 (i'm pretty sure on this. will have to double check). PST will only effect those who are purchasing their homes since the release of the news of this new tax (so ...a couple days ago) but anyone before that will stick to the 5% tax.

i always thought for real estate, we're currently paying 5 % GST and 7% PST, so 12% total already?

or for any real estate for whatever amounts, we are ONLY paying 5% GST?

Call me stupid, but how does this whole HST coming in benefit businesses and consumers? it just benefits the government... ?

Mugen EvOlutioN 07-27-2009 02:51 PM
gay changes


fucking campbell

Quicktrade 07-27-2009 08:14 PM
I will be going out to eat less and less each week...I will eventually be broke...

quasi 07-27-2009 08:20 PM
Quote:
Originally Posted by ASG111 (Post 6523982)
i always thought for real estate, we're currently paying 5 % GST and 7% PST, so 12% total already?

or for any real estate for whatever amounts, we are ONLY paying 5% GST?

Call me stupid, but how does this whole HST coming in benefit businesses and consumers? it just benefits the government... ?
Currently on a new home you only pay GST and property transfer tax, on homes that have been lived in it's property transfer tax only. I believe if you put less then 20% down you also have to pay CMHC insurance which is on a sliding scale depending what percentage you have has a down payment.

From what I understand business we'll be able to write more things off because of the taxes getting lumped together.


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