Help Clear Up Public Confusion on HST and Resale Homes
December 1, 2010 -- Even though consumers have been dealing with the HST since July 1st, it appears there is still confusion about its applicability to the purchase price of resale homes. Consumers buying a resale home do not pay HST on the purchase price of the home. On the other hand, if you are buying a newly constructed home, HST will apply. Although the costs of purchasing or renting a commercial property are subject to HST, businesses are allowed to claim tax credits to offset these costs. Share this accompanying Ad with your clients and customers. Members are encouraged to use this ad and other related material (news release, President's article etc.) for use in Member newsletters, blogs, websites etc.DID YOU KNOW?
There is
price of resale homes.NO HST on the
HARMONIZED SALES TAX
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