ON – Information issued on application of HST to new housing purchases

Purchasers of new housing in Ontario who make that purchase after June 2010 will generally be required to pay the new harmonized sales tax (HST) on the purchase price. The Canada Revenue Agency (CRA) has issued an Information Sheet (GI-078) outlining in detail how and when the HST will apply to home purchases (and in what circumstances exemptions may be available), and that Information Sheet is available on the CRA Web site at http://www.cra-arc.gc.ca/E/pub/gi/gi-077/gi-077-e.pdf.

 

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