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Frequently Asked Questions - PST Transition RulesWhy are transition rules necessary?Transition rules determine whether 12% HST or 5% GST will apply to new housing contracts that start before April 1, 2013, but conclude on or after this date. Both the federal and provincial governments administer their own set of transition rules.When does HST ...
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Transition measures support new-home buyers, buildersVICTORIA – New housing transition measures give certainty to an important economic sector and help to keep taxes equitable throughout the transition as the province returns to the PST, Finance Minister Kevin Falcon announced today.B.C. will return to the PST on April 1, ...
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