ON – CRA Issues Information Notice on HST and Housing Sales

On July 1, 2010, Ontario will merge its provincial retail sales tax with the federal goods and services tax, to create a harmonized sales tax for the province. The Canada Revenue Agency recently issued a GST/HST Notice that reviews, in a question-and-answer format, the impact of the change on new housing rebates and sales of new housing in the province after July 1, 2010, including transitional rules. The Notice is available on the CRA Web site at http://www.cra-arc.gc.ca/E/pub/gi/notice244/notice244-e.pdf.

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