A new HST/PST tax calculator has been added to the British Columbia Real Estate Association’s online HST/PST resources.
These tools calculate taxes using transition rules applicable to the switch back to BC PST on April 1, 2013 only. That is, they do not factor in pre-harmonization grand-parenting or prior tax rate change transitions.
Three calculation options are available:
- HST/PST Calculator: Starts with a purchase price that includes HST/GST net of available rebates
- HST/PST Calculator: Starts with purchase price that includes full amount of HST/GST
- HST/PST Calculator: Starts with a purchase price that does not include taxes.
NOTE: These calculators should not be considered substitutes for professional accounting or legal advice.
All three tax calculators are available at:
www.bcrea.bc.ca/government-relations/hst-calculator
For comprehensive HST/PST resources, visit:
http://www.bcrea.bc.ca/government-relations/hst-pst-resources