Owners of leaky condos face 'double whammy'
The financial hit facing thousands of leaky-condo owners in B.C. is about to get worse because of the new harmonized sales tax and the end of the province's rebate for PST paid on repairs. The HST will apply to all goods and services involved in leaky condo reconstruction, including labour, which was not covered by the PST. The PST relief grant for owners of homes with completed repairs will be terminated June 30, with the arrival of the HST.
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