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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…

How Rebates Work With Pre-Construction Homes

  • Published by admin
  • on September 2, 2021
Did you know that if you buy a newly constructed home from a builder and use it as your (or a family member’s) primary residence, you will receive a GST/HST rebate in Ontario? Unlike when you purchase a new residential rental property or undergo substantial renovations and have to…

What First-Time Homebuyers Should Know About Rebates

  • Published by admin
  • on August 29, 2021
Buying a home can be an expensive but worthwhile endeavour. There are many costs to be paid on the closing date including the down payment, land transfer fees, title insurance and more. On top of this, there is your monthly mortgage payment to make! The Federal Government is well…