If you are considering a move this year...READ THIS!
The Government of Ontario formally launched its latest assault on homeowners, purchasers and sellers with the introduction of Bill 218, the Ontario Tax Plan for More Jobs and Growth Act, 2009, says the Ontario Real Estate Association (OREA).
"The Government of Ontario can try to sell the Harmonized Sales Tax any number of ways but starting July 1, the taxes on buying, selling and owning a home in our province will go up," says Pauline Aunger, President of OREA. Read more...
What’s Taxable Under the HST and What’s Not?
Answering your questions about Ontario’s Harmonized Sales TaxHere are examples
of common products and services and how they will be affected by the HST.
Did You Know?
6.6 million families and individuals in Ontario will receive sales tax transition benefits in three instalments over one year beginning in June 2010.
93 per cent of all homes sold in Ontario, on average, will not be subject to an additional tax amount under HST.
The comprehensive tax package provides Ontarians with $11.8 billion in tax relief over three years.
In Atlantic Canada, investment in machinery and equipment rose by more than 12 per cent following the move to a harmonized sales tax. Read more...