I am buying a new construction condominium to live in. Do have to pay HST?

Yes, but most or all of the HST is likely already included in the purchase price.  This is a bit complicated, but most new construction purchase agreements include all of the HST payable provided the purchaser is buying the unit to live in it as their principal residence (or the principal residence of an immediate family member).  If you are not purchasing to live in the property, then there will likely be some HST payable (although you may be eligible to get this back from the CRA after closing). If you are buying a new construction condominium as an investment, please contact our office to discuss the HST that is payable.

  • December 6th, 2019
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Painting by Katerina Podolak · Rain in Camden Town