Tax Alerts
Finance Minister Ken Krawetz presented Saskatchewan’s 2011 Provincial
Budget on March 23, 2011.
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The Province is committing to bold, responsive, and balanced changes to the Harmonized Sales Tax to make British Columbia families better off while ensuring government can meet its commitment to balanced budgets, Finance Minister Kevin Falcon announced today.
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On Friday, the Federal and Quebec Governments signed a tax-harmonization deal that will give the province more than $2 billion.
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Increasing to 9.5% from 8.5%
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The 12 per cent HST in BC—combining a 5 per cent federal component and a 7 per cent provincial component—will be replaced, effective April 1, 2013, by the Goods and Services Tax (GST) and BC’s PST.
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It appears that for the transition back to PST the approach is going to be much simpler. Here are the transition rules regarding the taxation on real property.
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