HST new transitional rules announced today
Blog by Bettina Reid | February 17th, 2012
As of April 1st the new threshold will go from $525,000 to $850,000 which is a substantial increase and with that the maximum rebate will go from $26,250 to $42,500. Considering the majority of house sales are under $850,000 this will be a big help to Buyers going forward.
The Liberal government has set up a website regarding the return to PST and the charts on the following link are easy to understand as they explain the difference