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.

Chris W. Rea
  • 31,999
  • 17
  • 103
  • 191
Giablo
  • 1,400
  • 2
  • 14
  • 20

1 Answers1

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

sdg
  • 6,514
  • 1
  • 22
  • 26