HST To PST Transition Rules – New Obligations For Developers

Categories: Blog, Construction, Tax

On November 13, 2012, Canada Revenue Agency announced new disclosure obligations for developers and builders which require particular information and statements to be included in purchase and sale agreements and statements of adjustments for the purchase and sale of new housing. This announcement is CRA GST/HST NOTICE 276 entitled “Elimination of the HST in British Columbia in 2013 – Transitional Rules for Real Property Including New Housing”.

Read the document here: http://www.pushormitchell.com/files/articles/HST%20to%20PST%20Transition%20Rules.pdf

For more information or questions please contact:

Brad Cronquist at cronquist@pushormitchell.com or (250) 869-1150