Table of contents
No headersThe following are links to sections of interest on the Canada Revenue Agency web site:
HST LINKS:
Harmonized Sales Tax: Stated Price Net of GST/HST New Housing Rebates in British Columbia
Please Note: When using the formulas provided in the above noted information sheet (Consideration + HST payable - federal rebate - provincial rebate) it does not add up to the stated price. Eg. Example 1 on page 2 totals $324,999.68 rather than $325,000.00. Adjustments have been made to the formulas in econveyance to ensure that the figures total the stated price.
The Canada Revenue Agency has released new GST/HST New Housing Rebate forms as of July 5, 2010. The GST/HST New Housing Rebate Application For Houses Purchased from Builder (form GST190 E (10)) and GST190 British Columbia Rebate Schedule (form RC7190-BC E) are now available and will populate with the applicable information from your file.
The GST190 Calculation Worksheet (form RC7190-WS E) is also available in econveyance. This form is a worksheet only and no information populates.
The quickest way to find these new forms is to search for 190 in the All Documents group.
HST Certificates
The GST Certificates contained in econveyance were originally prepared by the Continuing Legal Education Society in BC. We have been advised that CLE are not currently working on HST Certificates. We anticipate that lawyers, perhaps through the real property sub-sections, will determine if HST Certificates are required and the format they should take. If new forms are published, we will make them available in econveyance.
Additional Links
Purchasers of New Housing in British Columbia
BC Harmonized Sales tax - Rebates and Exemptions#
Ministry of Finance - General Transition Rules#
BC Real Estate Association HST FAQs#
GST LINKS:
Stated Price Net of Rebate - GST at 5%
- Tag page
- What links here
