Sunday, April 09, 2006

Thrill of Saving Money has Delaying Their Big-ticket Buys

The greatest incentive to delay a purchase is on new homes, where the biggest potential GST saving lies.

Few people think about this, perhaps because the GST partial rebate on housing is a bit complicated. There is no rebate on homes costing more than $450,000, so the savings there is $4,500 and up. The savings per point of GST on a $300,000 new home is still a whopping $1,920.


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