Recent Blog Posts by Constantine Isslamow

HST on Resale

There have been several questions over the past few months on “How will the new HST affect the resale market.” I wanted to try and show on paper the cost to both the buyer and seller on a typical single family home in Peterborough selling for $225,000. Below are the costs to the buyer in this transaction with a down payment of 5%.   Taxable Service Current Tax ...

Ontario Harmonized Sales Tax

Ontario release transitional rules Here are the highlights The long awaited transitional rules for OHST have been released as information notices. These rules address how to manage the application of OHST as well as the phase out of the respective retail sales taxes for payments and supplies that straddle the implementation date These rules are important because they will help with ...