Lillian's Success Journal - Thornhill Real Estate

One of the greatest benefits of searching and returning to this website is the opportunity of my continuously updating data and current events which are happening in our community.

Please note that the power of the HST will soon be implemented.  On July 1st, 2010 the (5%) five percent "Federal" Goods and Services Tax will be combined with the (8%) eight percent "Provincial" Sales Tax creating the Harmonized Sales Tax (HST)

There are some generalities to consider  Where the services straddle the implementation date of July 1st, 2010, and the tax charged for the service may have been split between pre-July 2010 and post June 2010 periods is one for consideration.

Also noted is that HST will generally NOT apply to a service if all or substantially all (90%) or more of the service is performed before 2010.

From May 1st, 2010 to June 30th, 2010, HST will generally apply to services supplied after June 30th, 2010.

Stay tuned to keep up to date.

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Lillian Cooper

Lillian Cooper

Sales Representative
CENTURY 21 Heritage Group Ltd., Brokerage*
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