* Moreover banks are willing to extend loans for the purchase of land and buildings at lower interest rates. Wealthy brokers can wait till turn around of the market and still make a profit but they are still tied down by the blocked money. Grossly this is a seasonal business for all those involved. Making quick money is something that takes a lot of preparation before investment, when you are still invested and when selling or closing the deal.6 Character Traits of Real Estate Agents Every profession is an art in itself; so also the profession of a real estate agent. The wealth earned from the real estate investment has surpassed that of the stock market returns indicating the faith of the investors in real estate. Real EstateA Real Estate is a piece of land with all its natural resources and more often than not with a building constructed on it. Any real estate broker would vouch for this fact. A mere license with knowledge of real estate rules and laws would not suffice in keeping his feet in the market. Investment in ghettoes and burglary ridden areas can hardly allow for correction too, for small investors. The services of the agent would help in the analysis of market and listing the property. So a bit cleaning and tidying will be an added plus. The loss incurred by under pricing would have helped in paying off the agent’s commission.2.* Failing pension system with growing inflation has added to the woes of the retirees and employees.1. You not only

In Canada there are three types of sales taxes: provincial sales taxes or PST, the federal Goods and Services Tax or GST, and the Harmonized Sales Tax or HST.

Every province except Alberta implements a Provincial Sales Tax or the Harmonized Sales Tax. The Yukon Territory, Northwest Territories and Nunavut do not have any type of regional sales tax. The federal GST rate is 5% effective January 1, 2008.

Harmonized Sales Tax

The Harmonized Sales Tax (HST) is used in certain provinces to combine the federal Goods and Services Tax (GST) and the Provincial Sales Tax (PST) into a single, blended, sales tax. Currently, there is a 13% HST in the provinces of New Brunswick, Newfoundland, and Nova Scotia. The HST is collected by the Canada Revenue Agency, which then remits the appropriate amounts to the participating provinces.

Provincial Sales Taxes

Separate Provincial Sales Taxes (PST) are collected in the provinces of British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, and Prince Edward Island. Goods to which the tax is applied varies by province, as does the rate. Moreover, for those provinces whose provincial sales tax is applied to the combined cost and GST, provincial revenues decline or increase with respective changes in the GST.

Province	rate (%)	combined fed./prov. rate (%)	note
Alberta	0	5	Alberta has no provincial sales tax
British Columbia	7	12	Officially known as the Social Service Tax Reduced from 7.5% Oct 2004 Alcohol is taxed at 10%
Saskatchewan	5	10	Reduced from 7% on 28 October 2006 There is a separate 10% liquor consumption tax
Manitoba	7	12
Ontario	8	13	PST is usually 8%, but is 5% on lodging, 10% on entertainment and alcohol at restaurants, and 12% on alcohol at retail stores
Quebec	7.5	12.875	Provincial rate is nominally 7.5%, but is also applied to the federal 5% GST so effectively 7.875%
Prince Edward Island	10	15.5	Provincial rate is nominally 10%, but is also applied to the federal 5% GST so effectively 10.5%
New Brunswick	13		*Harmonized Sales Tax includes provincial tax and GST
Newfoundland and Labrador	13
Nova Scotia	13

gst real estate canada In Detail

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