GST ON A SUBSTANTIALLY RENOVATED HOME

It is well understood that GST is not payable in the purchase of used residential housing. GST is payable on the purchase of a newly constructed or substantially renovated residential home. The GST tax rate is 5%, subject to rebates. I will talk about the GST rebate in next month’s blog. A client recently asked me about the definition …

GST ON A SUBSTANTIALLY RENOVATED HOME Read More »