HST rebates

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

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 – 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?