Does HST Apply to the Purchase of My Property?

Does HST apply to the purchase or sale of your property in Ontario? In this video, Whitby real estate lawyer Paria Rad explains how HST affects residential and commercial transactions based on the property’s use and type. Generally, used residential or personal-use properties are exempt, while commercial properties are subject to HST at 13%. The agreement of purchase and sale should clearly reflect how HST is being handled, and special rules may apply if the buyer is an HST registrant. Paria highlights why both legal and accounting advice is necessary to avoid costly surprises. With over 13 years of experience in residential and commercial real estate, Paria is available to answer your questions. Contact her at paria@durhamlawyer.ca or 905-668-4486.