5 Questions on the 13% HST in Toronto Real Estate

#CondoWong #TorontoCondos #TorontoRealEstate #RealEstateHST

In Toronto actual property, do the costs embody the 13% HST?

Well, sure and no.

In this video, Dan shares the solutions to the highest 5 questions on the 13% HST in Toronto actual property:

1. What sort of residential actual property is topic to HST?

2. Who is answerable for paying the HST?

3. When is the HST paid?

4. How are you able to get an HST rebate?

5. Why is the federal government creating this rebate course of?

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For HST on assignments, try these movies:

1) Buy Time with Cash – Condo Assignments in Toronto – https://youtu.be/a8FEwlDVl7Y

2) 2 Killer Tax Implications on Assignment Sales – https://youtu.be/trZpYYkTYAQ

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The CondoWong Story – https://www.condowong.ca/
From an Engineer to a Real Estate Broker

Dan got here to Canada alone in 1991 after he completed highschool in La Salle College in Hong Kong. He graduated from the University to Toronto with a level in Electrical and Computer Engineering. He labored in a couple of big know-how firms designing chips for prime definition TVs. A excessive pay job was simply an phantasm of stability as engineers within the high-tech trade have been well-known for lengthy working hours and layoffs.

Stocks? Real property? Start a enterprise? He determined that the most suitable choice on the time could be to purchase a pair condos and hire them out. His rental shopping for expertise of “Sign here, sign here, sign here. Congratulations! Bye!” impressed him to place engineering and actual property to place engineering and actual property collectively to create worth.

He began an actual property brokerage together with his personal model “CondoWong”. In 8 years’ time, he had over 100,000 views on his YouTube movies and he has helped 2,297 shoppers construct extra wealth.

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