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Saturday, May 1, 2010

HST on the Purchase or Sale of Farmland in British Columbia

If you are planning on buying or selling a piece of farmland in British Columbia, and the sale price is one million dollars, *someone* may have to pay $120,000 in HST. (This is in addition to the roughly 2% Property Transfer Tax (PTT) that the buyer will have to pay on the purchase.) If the farmland is...

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