Here’s a post for near tax time: HST rebates on a new home. If you are buying a brand-new home, you are entitled to a rebate, but only in specific circumstances: You must intend to live in it as your primary home. It can’t be a cottage or other seasonal residence. If you are not… Continue reading HST rebates
Tag: HST
Tax time
With tax time coming up shortly here in Canada, I thought I would revisit a topic: when do you have to pay HST on a house? The short answer: always, unless there is an exemption. One major exemption is for resale homes; as long as it has been used for residential purposes, there is generally… Continue reading Tax time
When do you have to pay HST on a house?
In Ontario, HST always applies to the purchase of land unless there is a specific exemption. For most residential resale transactions, there is an HST exemption in place so that it does not apply. For many new homes, there are significant rebates for HST, as long as you intend to live in the new home… Continue reading When do you have to pay HST on a house?
When do you have to pay HST on a house?
In Ontario, HST always applies to the purchase of land unless there is a specific exemption. For most residential resale transactions, there is an HST exemption in place so that it does not apply – as long as the house has been used primarily for personal use there will be no HST. For many new… Continue reading When do you have to pay HST on a house?