The Government of Ontario is exploring the possibility of harmonizing the Provincial Sales Tax (PST) with the federal Goods and Services Tax (GST). This "harmonization" will result in an increase in "professional service" costs -- legal fees, real estate commission, home inspections, etc -- resulting in the current GST going from 5% to the proposed HST of 13%. This could add ...
Posted by Sara Kareer
on March 28, 2009
My husband and his business partner own a Petro Canada gas station in Brantford, Ontario.
The convenience store sells various Lottery tickets, and has sold many winning scratch tickets. In fact, one customer won $21,000 on a scratch ticket. ...
Posted by Sara Kareer
on March 28, 2009
Since February, the Financial Services Commission of Ontario (FSCO) has suspended the licenses of over 100 Mortgage Brokerages for not having errors and omissions insurance. The purpose of errors and omissions insurance is to protect the professional against legal liability resulting from the professional's negligent act, error or omission. If your mortgage is through an agent whose brokerage ...
Posted by Sara Kareer
on March 17, 2009
Opportunity knocks - According to the 16th Annual RBC Homeownership Survey, two-in-three Canadians think it's a buyer's market right now and more than a quarter of Canadians (27 per cent) say they intend to purchase a home over the next two years, up four points from 23 per cent in 2008 - the largest single year increase since 2001. Additionally, almost half (48 per cent) indicate it makes sense to ...
Posted by Sara Kareer
on March 5, 2009