HST and Real Estate - General Information

The HST tax =13%

Combination of the 8% Provincial Sales Tax and the 5% Federal GST
creating a 13% Harmonized Sales Tax (HST)

The HST came into effect on July 1, 2010


HST Does apply to: (not a complete list)
 *   The purchase of newly constructed or substantially renovated homes.
 *  The services associated with the purchase of new homes and re‐sale homes
     such as real estate commissions, legal fees, home inspection fees and moving
     costs.
  * Commercial property rentals and leases.

HST WILL NOT apply to: (not a complete list)

 *  The purchase of re‐sale homes
 *  Sale of housing that has been previously occupied by an individual as a
    place of residence and that is exempt from GST would also be exempt for
    purposes of HST
 *  Residential rent, condominium fees.
 *  Home insurance (which had been subject to provincial tax, but not GST).
 *  Mortgage interest costs.

To help homebuyers and builders better understand HST, the Government has
provided rules for the complete application of the tax

Lynda Pells

Lynda Pells

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
Contact Me