On August 26, 2011, the provincial government announced that it will eliminate
the Harmonized Sales Tax (HST) by March 31, 2013. Commencing April 1, 2013, in
BC the HST will be replaced by the federal Goods and Services Tax (GST) and the
BC Provincial Sales Tax (PST). On February 17, 2012, the BC Ministry of Finance
and the federal Ministry of Finance announced general transition rules for real
property.
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