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How will HST affect you?
We are all aware that Ontario’s tax structure has changed and that the HST (Harmonised Sales Tax) came into effect July 01, 2010. There has been a lot of media coverage on how the HST will affect our goods and services, but not on how it will affect owners, operators and managers of real property. The Toronto law firm Blaney McMurtry LLP, has published an article that speaks to this very timely topic. The article focuses on the purchase and sale of commercial real property, leases and licences of commercial real property, the purchase and sale of newly constructed residential property and the resale of residential property.
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