In Ontario, Harmonized Sales Tax or “HST” is applied on the purchase of all sales and goods, even properties. The additional 13% added on top of the price of a new home or property can quickly add up to tens of thousands of dollars. When purchasing an investment property, the goal is to make a […]
The HST Rebate in Ontario presents an excellent opportunity for residential property owners in the region to get some of the money back from the government that they spent on acquiring the property. One of the two rebates available through the Canada Revenue Agency is the HST Rebate on New Condos. By applying for this […]
If you’re buying a new residential property, you essentially have two options on how it can be used. The first option is to occupy the property, either as your own primary residence, cottage, or vacation home. When you choose to make that newly purchased property your primary residence and share that information with the builder, […]
If you’ve found a vacant property or if you own an old home in an area you love, you may be considering building a new home from the ground up on that property. Building and renovation costs can add up quickly, which may delay construction on your dream home. But with the Ontario New Home […]
If you are planning a home renovation of your primary residence, you might be eligible for money back from the government through the Ontario New Home HST Rebate. The government rebate program, offered via Canada Revenue Agency, allows homeowners building a new home or renovating their home to get a portion of the amount spent […]
When you first purchase a pre-construction property in Ontario from the builder and tell them that you will be occupying the house or condo as your primary residence, both the HST (harmonized sales tax) and the HST rebate are worked into the cost by the builder. In many cases, buyers are unaware that the HST […]
