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Good news for all of you who are eligible for an HST New Housing Rebate! The cap level has been increased from $525,000 to $850,000, meaning a higher maximum rebate of $42,500 (from $26,250). Pending approval by the BC Legislature, these changes will be effective from April 1 2012 to March 31 2013 (when HST is transitioned back to PST/GST).

More Information (and frequently asked question) can be found at the British Columbia Real Estate Association or Ministry of Finance HST Notice #12 .


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