- The HST came into effect in Ontario on July 1, 2010
- Purchasers of newly constructed homes under $400,000 are not subject to an additional tax burden. Buyers of new homes valued between $400,000 and $500,000 could claim a proportional rebate on the provincial portion of the HST up to a maximum of $24,000
- The new rental housing rebate is similar to the enhanced new housing rebate, for new residential rental properties
- HST is not applicable to to the sale of a residential re-sale home
- Real estate commissions are subject to the 13 per cent HST, as will the cost of a Condominium Status Certificate, although the total certificate cost will remain at $100
- Moving costs, the cost of a home inspection and even home staging will also be subject to HST.
If you need further information, click here for additional information on HST and home purchasing.
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