Advotax Law is pleased to present A House Plus HST - a video series for our clients and followers! This first video is for purchasers of residential houses and condos, especially new or substantially renovated houses and condos. We will talk about when the seller would have to charge you 13% HST on the purchase price, HST rebates that may be available to you, and why you may be asked to assign the right to receive your HST rebate to the seller. For most Toronto area real estate properties, the issues are worth tens if not hundreds of thousands of dollars.
Nothing in this post or this video constitutes legal advice. Please contact our tax lawyer directly if you require legal tax advice specific to your situation. We routinely advise and help clients who are being audited or reassessed by the CRA following a transaction involving real estate properties.
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