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Housing Tax Credits Aid First-Time Buyers and Seniors

February 24th, 2012
Housing Tax Credits
Along with the temporary $10,000 tax credit the B.C. Government is offering to First Time Home Buyers, The BC Government is also offering a refundable personal income tax credit to assist seniors with the cost of permanent home renovations.
Read the details to see if you qualify: Housing Tax Credits for First Time Home Buyers and Seniors

HST to drop on more new Homes to help the shift back to PST

February 20th, 2012
HST to drop on more new homes to help the shift back to PSTBC will return to PST on April 1, 2013, which drops the 2% provincial portion of the HST on all new homes sold for $850,000 or less. Thus, the idea is that the two per cent tax rate will apply now in the form of the provincial portion of the HST on all homes under $850,000.It will then apply to homes built during HST, but sold under PST, in the form of the two per cent transitional tax. Read ...

B.C. raises threshold of homeowner grant

January 4th, 2012

Great news! The province is providing a Home Owner's Grant this year, which provides a reduction in residential property taxes. British Columbians who own homes may be eligible to receive the entire Home Owner's Grant this year. Application forms are available when property tax notices are issued in spring. Read full article to see if you are eligible for a Home Owner's Grant: BC Raises Thres ...