Houses under construction in Toronto in a file photo. Graeme Roy/The Canadian PressThe Ontario government has announced plans to offer a rebate on its portion of the HST on new homes, potentially saving eligible first-time buyers as much as $130,000, when combined with other provincial and federal savings initiatives.The plan to refund the 8 percent provincial harmonized sales tax (HST) on homes priced up to $1 million will be featured in the government’s fall economic statement next week, Housing Minister Rob Flack and Finance Minister Peter Bethlenfalvy announced during an Oct. 28 press conference.
Ontario Proposes HST Tax Break for Some First-Time Homebuyers
Date:
