The Transition From HST to PST
Tuesday, August 30, 2011 at 05:10PM
Fellow CHBA BC Members:
At a meeting earlier today Premier Clark acknowledged the negative impact transition from HST to PST will have on our industry. The anticipated time to complete the transition is 18 months, a time during which consumers will defer purchasing new homes and making renovation decisions to save tax. Premier Clark acknowledged that at a time when government is creating progressive opportunities for growth and increasing the demand for more jobs, it makes no sense to hamper our industry, one that is a huge contributor to our provinces' economy.
Premier Clark shared that government is working on a plan to mitigate the impact transition could have on new homes and renovations. We will meet again in early September.
We will be working diligently to get answers quickly and will keep everyone informed as we learn more.
Vicki Gerrits
President, CHBA BC
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