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The purchase of an existing home was exempt from the HST, while the purchase of a new home was subject to a GST rebate of 36% if the purchase price was below $350,000, up to a maximum rebate of $8,750 (which made the tax rate effectively 3.2%). Under the PST, the purchase of a new home was tax exempt. Under the BC HST, up to $200,000 of the ...
This is a list of land districts of British Columbia, Canada. Land districts are the cadastral system underlying land titles in the province, and used by the provincial gazetteer in descriptions of landforms, administrative areas, and other information.
a description of the map's place of official recording (e.g., recorded in the files of the County Engineer). The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
There is a 5% tax on lodging and 5% tax on hotel room fees. New Brunswick: HST: 10: 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [6] Newfoundland and Labrador: HST: 10 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia ...
Bill 28, the Miscellaneous Statutes (Housing Priority Initiatives) Amendment Act, 2016, is a British Columbian law that came into force on August 2, 2016. The law was introduced after calls urging the British Columbia provincial government to intervene in the housing market and curb foreign investment that was seen as a major contributor to the rapid rise in home prices.
Most assessments are of the market value of the real property. In 2009 (for the 2010 roll), assessment appeals remained low, compared to many other property-taxing provinces and states. Some 98.5% of assessments were accepted without appeal. BC Assessment has approximately 650 full-time staff positions in 17 offices throughout the province.
In one example, a property located on the ALR paid about $5,300 in property tax while a residential property in the same municipality with the same market value would pay roughly $77,000. [33] The story also noted a tax break associated with the province's new 15% tax on real estate purchased by foreign buyers.
Regional districts came into being via an order of government in 1965 with the enactment of amendments to the Municipal Act. [1] Until the creation of regional districts, the only local form of government in British Columbia were incorporated municipalities, and services in areas outside municipal boundaries had to be sought from the province or through improvement districts.