What is the exact amount I will owe in HST?

Hello - I have been quoted a variety of ranges in HST that will be due on my investment condo closing at Yonge and Eglinton.  My agreement of purchase and sale says $421,645 CAD.  How much will I have to pay on HST?  It is an investment and I will be renting it out.  Thanks.

Answers

By HST Relief
If your APS that you signed when you purchased this condo as preconstruction says the purchase price is $421,645.00, the amount of HST that you will owe on closing is: 27,319.25.  Notice that this is not the full 13%, as part of the HST is included in the purchase price.  The portion of HST due on closing is the rebate-able portion of HST.
 
Please call us if you any other questions or if you are interested in filing an HST Rebate through us..  We can be reached at: 1.866.832.1990.

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