Estimated reading time: 5 minutes
Key Takeaways
- GST applies to most real estate transactions in Whistler unless the property is exempt based on the vendor’s use.
- Buyers should obtain a warranty on a property’s GST status in the purchase contract, as it is determined by the vendor.
- When earning over $30,000 in gross revenue from rentals, a GST number is required for tax collection.
- It is essential for buyers to understand if GST is included in the purchase price or additional before closing.
- Professional advice is crucial to navigate GST implications in Whistler real estate transactions.