Blog

Blog

How the April 2021 Budget Impacted GST/HST New Housing Rebates

  • Published by admin
  • on June 2, 2021
Relaxation Of GST/HST New Housing Rebate Conditions Under the existing rebate provisions in the GST/HST legislation and regulations, a GST/HST New Housing Rebate was restricted if there were multiple buyers, not all of whom were related, and not all of the buyers (or their relations) were acquiring the home…

How To Fill Out Form GST191-WS

  • Published by admin
  • on May 20, 2021
Form GST191-WS, Construction Summary Worksheet is the foundation of all owner-built and substantial renovation New Housing GST/HST Rebate applications. It is imperative that owners complete this form prior to completing Form GST191, GST/HST New Housing Rebate Application for Owner-Built Houses or a provincial rebate schedule, as the amounts derived…

Top 5 Questions About The GST/HST Housing Rebate

  • Published by admin
  • on March 24, 2021
The entire rebate process is complex. Every individual’s situation is different. And the CRA websites don’t make the process any easier. So, if you have a question before you submit your GST/HST Rebate application form for your new or substantially renovated home or investment property feel free to call…

How Will Relaxed Mortgage Rules Heat Up Toronto Real Estate

  • Published by admin
  • on October 14, 2020
Expect Toronto Real Estate Prices to Stay Hot The Trudeau government is easing up on its mortgage lending rules to give home buyers more purchasing power, but real estate professionals feel that the changes will likely increase home prices in the Toronto housing market…

Do I Qualify For the Non-Resident Speculation

  • Published by admin
  • on September 30, 2020
In 2017, the Ontario Provincial Government implemented a Non-Resident Speculation Tax (NRST), for foreign home buyers. Currently, the tax rate is set at 15% on a purchase or acquisition of interest in residential property located in the Greater Golden Horseshoe Region. Under certain circumstances, Foreign…