Property Purchase Tax
Payable by the purchaser at the time of purchase. Calculated at 1% on the first $200,000 and 2% on the excess over $200,000.
Harmonized Sales Tax (HST)
HST on a real estate purchase in British Columbia can be very complex and depends on the situation of the Seller and the Buyer, the use of the property and how the property is managed. Sellers and Buyers should obtain professional tax advice before making any decisions regarding HST.
