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New Condo HST Rebates

  • Published by admin
  • on September 22, 2022
Harmonized sales tax (HST) became an integrated sales tax for the province of Ontario on July 1st, 2010. It combined Federal Sales Tax and Provincial Sales Tax. Is there HST on new condos in Ontario? Goods and Sales Tax (GST), the precursor to HST was enacted into law with…

How to Calculate the GST / HST New Housing Rebate

  • Published by admin
  • on August 29, 2022
If you recently bought a newly constructed home, completed a substantial renovation, or are under contract to have a home built or do substantial completion of renovations, you may qualify for significant Goods and Services Tax (GST) and Harmonized Sales Tax (HST) rebates. Owner-built houses may also qualify if…

How Do I Get HST Back on My New Home?

  • Published by admin
  • on August 15, 2022
On July 1, 2010, Ontario transitioned to the Harmonized Sales Tax (HST) on the sales of new homes, raising the tax payable on new-builds from 5% to 13%. As you may imagine, this increase has made the cost of purchasing a new home more expensive. Individuals who purchase newly…

How Much HST Do You Pay On A New Home?

  • Published by admin
  • on November 25, 2021
Buying a new house or condo is an exciting time in any person’s life. It signals new beginnings and new investments in our future. It also signals an important investment and a long repayment period. When buyers first purchase a new property, they may be shocked to find that…

The Benefits of Purchasing A New Residential Rental Property

  • Published by admin
  • on November 18, 2021
The idea of investing in a rental property is gaining a lot of interest across Canada. More people are realizing the potential advantages of owning rental property, including using it to grow their wealth. In order to help you effectively weigh the pros and cons of investing in real…

What Is An Assignment Agreement?

  • Published by admin
  • on November 11, 2021
With Ontario property prices on the rise and a shortage of homes, more people are wondering how they can buy a new home for less. Condominiums seem like the perfect solution. Builders and condominium corporations are taking advantage of the demand for housing by building condominiums. Condos are space-saving,…