2

I'm wondering what the rules are regarding HST and a purchase of a condominium.

  1. When buying a new construction condominium, would I need to pay HST?
  2. What about for existing (re-sale) condo's?

I've heard new constructions below a certain value are exempt from HST... but its conflicting information so far.

1

Part 2 first: resale is exempt 31. Will there be HST on the purchase of new homes and resale homes?

The new homes is a little messier Rebate Description goes into some detail. Effectively if the home is $400,000 or less, then a government rebate should offset the HST, to effectively be back to where you would have been with the old RST (Retail Sales Tax).

Excruciating details are Here

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.