Ontario Tax Sale Property Forum

Tax Sale Forum => Questions and Answers => Topic started by: jenn198310 on July 07, 2010, 04:52:29 AM

Title: hst on new condo
Post by: jenn198310 on July 07, 2010, 04:52:29 AM

I am purchasing a condo and i want to know do i pay the full hst or 7%, I was going through the table and it mentions about rebate.
Do i qualify for the rebate the day i do my registry or once i pay the full hst and then i have to wait for get a cheque in mail...
I am confused and please inform me

Title: Re: hst on new condo
Post by: Rob on July 07, 2010, 01:03:41 PM

The PST on condos applies to new condos or new build homes.  If the purchase price of the condo is below $400,000 than you would pay nothing.  Between $400,000 and $500,000 a sliding scale exists.

But services done for the property will be subject to the PST increase so monthly fees will probably increase to match the new costs over the next year or so.