Thanks. So I have to prepare the 13% HST when buying a house/condo, and get refunded next year when filing a tax return? Too bad. Who is qualified for the return of 13%? Thank you.
Thanks. So I have to prepare the 13% HST when buying a house/condo, and get refunded next year when filing a tax return? Too bad. Who is qualified for the return of 13%? Thank you.
Thanks. So I have to prepare the 13% HST when buying a house/condo, and get refunded next year when filing a tax return? Too bad. Who is qualified for the return of 13%? Thank you.
“Who is qualified for the return of 13%”这个问题我是这样理解的,如果说错请见谅,毕竟我不专业。大概人人都符合tax refund的一部分,但是要买的房价不同,只有一部分是refundable的,超出的部分不符合。builder会计算出去掉refundable之后的VAT税,加到net price里面,构成最终的base house price。所以VAT要少于13%HST。
Thanks a lot. You are very nice. Then one doesn't have to prepare the extra 13% for HST, which is a big amount, for a new house/condo. I don't think any tax for a 2nd hand house.
I did not have experience with new home HST refund. I just helped the buyer to sign the tax rrebate form. The tax form is included in the lawyer's closing package and will be returned to seller's lawyer after signed.
As I said, it is better to ask your lawyer about the Statement of Adjustment. This adjustment is sent from the seller's lawyer to your(buyer's) lawyer, which lists several different items and the amount of fees charged in this transaction, HST will also included in the statement if you are buying a new home from the builder. You will find by the end of the statement, the total fee is separated into two parts: approved mortgage amount and the amount of cheque you should prepare on the closing date. Thus, the amount of money you need to prepare on the closing date is depend on the mortgage amount. So I am confused about your question about preparing 13% HST before you buy a new home. You may ask your agent if she/he can find a sample of SOA of the similar property.
Thanks a lot. You are very nice. Then one doesn't have to prepare the extra 13% for HST, which is a big amount, for a new house/condo. I don't think any tax for a 2nd hand house.