Ontario HST Explained

Buyers

 

• Services for Lawyers - Previously 5% HST will increase to 13% HST
• Services for Home Inspectors - Previously 5% HST will increase to 13% HST
• The HST will be apply to the purchase of new homes.  Purchasers will be allowed to claim a rebate on a portion of the provincial the tax for new homes priced up to $500,000. For homes purchased as primary residences under  $400,000 the rebate will be six percent of the purchase price (or 75 percent of the provincial portion of the tax).

 

Sellers

 

• Real Estate Commissions - Previously 5% HST will increase to 13% HST

 

Other items HST will apply to

 

• Electricity
• Heating
• Gasoline
• Haircuts
• Taxi Fares
• Architect Services
• Accountant Services
• Membership Fees ie. Gyms
• Tobacco

 

Items HST will not apply to

 

• Prescription Drugs
• Public Transit
• Health & Education Services
• Groceries
• Childcare
• Legal Aid
• Condo Fees
• Residential Rents
• Tutoring