In BC, PST will replace HST on Apr 1, 2013.
The transitionl rules start Apr 1, 2012, one year earlier.
The Provincial Enhanced New Housing Rebate Formula will give Principal Residence Buyers more rebate back if House Price is higher than $525,000:
Old Rebate Formula = 5% (rebate) x Hse Price (up to $525,000) =$26,250 (Max)
Transitional Rebate Formula=5% (rebate) x Hse Price (up to $850,000) =$42,500 (higher Max)
The transitionl rules start Apr 1, 2012, one year earlier.
The Provincial Enhanced New Housing Rebate Formula will give Principal Residence Buyers more rebate back if House Price is higher than $525,000:
Old Rebate Formula = 5% (rebate) x Hse Price (up to $525,000) =$26,250 (Max)
Transitional Rebate Formula=5% (rebate) x Hse Price (up to $850,000) =$42,500 (higher Max)
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