HST

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HST – Harmonized Sales Tax and Your Condo Fees

By | 2017-01-23T12:11:12+00:00 November 27th, 2009|Categories: Realty Talk|Tags: |

HST HST impacts condo boards in many ways that can include setting condo board's operating budget and the reserve fund (existing and future contributions). Condo boards will need to top up their building's reserve fund if major works such as replacing roof, windows, under ground garage [...]

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Condo crowd ramps up for HST fight

By | 2017-01-23T12:11:12+00:00 September 3rd, 2009|Categories: Realty Talk|Tags: |

Aug 29, 2009 Ellen Moorhouse Special to The Star Ontario MPP Yasir Naqvi will face some tough questions next month when he's expected to take part in a luncheon panel organized by the Association of Condominium Managers of Ontario. As parliamentary assistant to Ontario Revenue Minister [...]

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Proposed new housing rebate in Ontario

By | 2017-01-23T12:11:12+00:00 August 18th, 2009|Categories: Realty Talk|Tags: |

Enhanced New Housing Rebate | New Rental Housing Rebate | Transitional Rules The 2009 Ontario Budget proposed a comprehensive package of tax changes. Central to this proposed tax package is a single, value-added sales tax, which, subject to legislative approval, would come into effect on July [...]

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A Harmonized Crush of the Housing Market

By | 2017-01-23T12:11:16+00:00 May 1st, 2009|Categories: Realty Talk|Tags: , |

Who's in charge of the future? Surprised to learn it's you? The control, seems frustratingly out of reach as governments react to tough times by spending billions in taxpayers' money-often in ways that make life more difficult for those who can least afford it. If you [...]

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Sales tax harmonization will hurt resale home market

By | 2017-01-23T12:11:16+00:00 March 30th, 2009|Categories: Realty Talk|Tags: |

We REALTORS® oppose the new HST (harmonsied sales tax) that the McGuinty government plans to intoduce. Harmonizing the GST and PST will add over $2,000 to the cost of a real estate transaction, hurting the resale home market and prolonging the housing industry's recovery from the [...]

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