Newsflash - Real Estate Board of Greater Vancouver
Important information on the HST referendum
Today, the Provincial Government received the results of the HST referendum. The outcome was decisive, with just under 55% of voters choosing to extinguish the HST and return the province to a system of taxation using both the PST and GST.
The government says no changes will occur until at least May 2013. There is no information yet on what the details of the tax system will look like at that time.
In terms of what this means to you and your clients, the HST is still in place and will be until at least May 2013. We will keep you posted as we learn more.