| Recent Blog Posts by Sara Kareer | ||
Purchasing Second Homes just got more Expensive with the HST
Secondary homes will bear primary cost of HST
Purchasing a new ski chalet, a new weekend condo, or a new cottage will get a lot more expensive when the Harmonized Sales Tax (HST) comes into effect July 1. Buyers of new homes that do not qualify as a primary residence will bear the full brunt of the 13 per cent HST. The tax will add tens of thousands of dollars to the cost of a ...
Posted by Sara Kareer
on May 18, 2010
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Harmonization of Sales Tax (HST)The Government of Ontario is exploring the possibility of harmonizing the Provincial Sales Tax (PST) with the federal Goods and Services Tax (GST). This "harmonization" will result in an increase in "professional service" costs -- legal fees, real estate commission, home inspections, etc -- resulting in the current GST going from 5% to the proposed HST of 13%. This could add ...
Posted by Sara Kareer
on March 28, 2009
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