The Harmonized Sales Tax (HST) & Real Estate- How does it work?
How it works
On July 1st the Provincial Sales Tax (PST) will be eliminated. On that date, you’ll see the 7% B.C. rate join the 5% Goods and Services Tax (GST) to give us a total HST rate of 12%. This is the lowest in Canada.
The HST approach is far simpler, more transparent and fair. And for the majority of goods you use, you won’t pay a penny more tax because of the HST. Read more.