Find a lawyer to help you answer your legal questions.

  • My Legal Briefcase

    How does HST affect my residential purchase?
    Posted:
    Notice: Undefined property: stdClass::$post_date in /var/www/webapp/ui/mlb_faq.php on line 96


    On July 1, 2010, Ontario introduced a federally administered Harmonized Sales Tax (HST) that applies to most purchases and transactions. The HST applies to newly constructed homes, but in most cases does not apply to resale homes. Buyers of new homes will receive a rebate of up to $24,000 regardless of the price of the new home. This rebate ensures that buyers of homes priced up to $400,000 (about three-quarters of new homes built in Ontario), on average, pay no more - or possibly even less - tax than under the old PST syste.

    Disclaimer: Content on this website is provided for informational purposes only and does not constitute a legal advice.





Document Banner