12% HST AND REBATE CALCULATIONS

Enter Purchase Price

Property Status New Used

Federal HST (5%)

Provincial HST (7%)

Federal New Housing Rebate

Federal New Housing Rebate

Net HST

Total Purchase Price with net HST

Notes:

  • Purchase price up to $350,000: Rebate = 36% of Federal HST (5%) with maximum rebate of $6,300.00, and 71.43% of Provincial HST (7%).
  • Purchase price between $350,000 AND $450,000: Federal Rebate = $6,300.00 x (450000 - Purchase Price) / $100,000. Provincial Rebate = 71.43% of Provincial HST (7%).
  • Purchase price $450,000 and over: No Federal Rebate. Provincial Rebate = 71.43% of Provincial HST (7%) up to a maximum of $26,250.
  • Details on HST and Rebates, please consult Canada Revenue Agency website: Canada Revenue Agency

Property Transfer Tax and Exemptions

Buyer Status First Time Buyer Not First Time Buyer

P.T.T. on this Purchase

First Time Buyer Exemption

Net P.T.T. Payable

Notes:

Details on P.T.T. exemption qualification, please consult Gov't of B.C. website: Small Business and Revenue - Property Transfer Tax