How does this new HST apply to the sale of Toronto real estate? Is it on everything? Where does one go to get detailed information? These are just a couple of questions that i am trying to help you answer when it comes to understanding how HST will affect the Toronto Real Estate Market. Below is a quick video to increase you knowldege about this new tax. Below that are a couple of additional documents that you will find useful in deepening your understanding.
HST Transition Rules from TREB
Basic outline of how HST applies to Toronto residential real estate. Good reading for a general interpretation and understanding of this tax.
HST Q & A’s from CREA
Quite a comprehensive question and answer paper about how HST applies to our Real Estate marketplace.
Canada Revenue GST/HST Notice
Intensive and detailed paper on HST. Particularly appropriate for HST implications about sale of New Homes from both the buyers’ and builder-sellers’ perspectives.
Thanks for the HST update. I am especially thankful for the resources.