Last week the “Making Life More Affordable for Canadians Act” bill finally reached Royal assent; bill C4, which includes the GST rebate for first time homebuyers is now in effect!
*Reminder that most home sales in BC are exempt from GST but the 5% tax is due on purchase of new homes/presales or homes that have had substantial renovations (~75%) as well as a few other less common scenarios.
Criteria;
•First...