TREB PRESIDENT’S COLUMN AS IT APPEARS IN THE TORONTO STAR July 2, 2010
As of July 1st, the new Harmonized Sales Tax (HST) will be in effect and Ontario consumers will be hardpressed to avoid this so called “tax on everything”. While that less than flattering nick name for the HST may be pretty close to the truth, it’s not completely accurate, especially when it comes to real estate, where the HST applies differently depending on the type of real estate, whether it is re-sale housing, newly constructed housing, or business properties. [Read more… (.pdf)]