Do you pay HST when buying a house in Ontario?

Yes. The sale of the house would be subject to the HST at 13% and you would be entitled to claim an Ontario new housing rebate in respect of the provincial part of the HST, up to a maximum rebate amount of $24,000.

Is there HST on home purchase in Ontario?

In Ontario newly constructed homes and condominiums (and homes that have been substantially renovated and put on the market for sale) are subject to an HST (Harmonized Sales Tax) rate of 13% on top of the sale price; resale homes are not charged HST.

Is there HST when you buy a house?

If you are buying a newly constructed home, HST will be payable. … The amount of HST is 13% of the purchase price. Many builders include the HST in the purchase price, while others charge the HST in addition to the purchase price.

How do I avoid paying HST on a new home?

When buyers of a newly built or substantially renovated home use the property as a primary residence for themselves or eligible family members, they can apply for a New Housing Rebate on the HST/GST they paid. If they are not going to be living there, the rebate doesn’t apply.

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How much tax do you pay when you buy a house in Ontario?

Ontario land transfer tax 1

Purchase Price of Home Marginal Tax Rate
$55,000.01 to $250,000.00 1.0%
$250,000.01 to $400,000.00 1.5%
$400,000.01 to $2,000,000.00 2.0%
Over $2,000,000 2.5%

Does builder price include HST?

In most cases, the purchase price charged by a builder on a newly built home already includes the HST/GST payable on the sale.

How much is the HST rebate in Ontario?

The new house HST rebate in Ontario essentially kicks back 75% of the Ontario portion of the HST, up to a new home purchase amount of $400,000. This results in a maximum rebate at a provincial level of $24,000 ($400,000 x 0.08 x 0.75). It is also possible to obtain a federal rebate of up to $6,000.

How much is HST in Ontario?

Sales Tax Rates by Province

Province Type Total Tax Rate
Ontario HST 13%
Prince Edward Island HST 15%
Quebec GST + *QST 14.975%
Saskatchewan GST + PST 11%