Real Estate in Invermere
                     Top Realtor DK 
Rice
Real Estate in Invermere 
The BC Goods and Services Tax (GST) for 
real estate in Invermere is 5 percent Federal 
Tax. This is payable upon successful sale 
completion of all brand new real estate 
properties in Invermere, BC. 
Therefore, GST is only payable on the newly 
developed Invermere real estate 
properties.These include an Invermere 
condominium development on pre-sale that is 
being sold by any developer or the builder and 
owner of that condominium development.
 The property needs to be detached. With 
respect to who is going to be the payer of GST
Also it also implies that the purchased contract 
assignment from another entity is also subject 
to Invermere real estate BC GST.
General GST rebate for real estate in Invermere
There is a general rebate also available for those 
properties that are less than $350,000 in price and if the 
buyer is looking to live in permanently. 
The general rebate here is 36% of the 5% GST value. This 
is the highest amount of rebate that can be issued for any 
new property.
The purchases that fall between $350,000 and $450,000 
also have a partial rebate but that is significantly low. 
However, the properties over $450,000 do not receive 
any rebates even for new homes.
Are assignments of contracts subject to paying GST?
Yes. Assignment of contracts are still considered a new home, so you will be 
paying the GST upon completion unless otherwise agreed to between the assignee 
and the assignor.
Looking for a Tax Calculator?
For an easy calculator of the property transfer taxes, GST, and foreign buyer taxes 
you can also use the following tax app. It’ll do all the calculations for you: BCREA – 
Tax Calculator.