Tuesday, May 4, 2010

FAQ - If someone buys an investment property (existing) after July 1st is there HST on the value of the property?

Yes if it was subject to GST before July 1st the only thing that changed is the rate from 5% GST in now is 13% HST in Ontario if it was never subject to GST its not subject to HST no difference only the rate changes.

1 comment:

  1. Send me a question on investment real estate and I will attempt to answer it
    Greg

    ReplyDelete