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The Implementation of HST on New Housing
Print Version As you are no doubt aware, the HST regime in Ontario will take effect at midnight on June 30, 2010. One of the industries most affected will be house building and there are complexities involved in how HST … Continue reading
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Considerations When Leasing Commercial Premises—The ‘Top 10’ List
Print Version Although it is debatable that this ‘Top 10’ list of mine will never make it to the David Letterman show, there are some important things to consider before entering into an offer to lease to lease commercial premises. … Continue reading
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Using Title Insurance in Ontario
Print Version A decade ago, title insurance was not in general use in the Province of Ontario. Title insurance until that time was something that was used mainly in commercial transactions in which there was some American involvement. Title insurance … Continue reading
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Strict Interpretation
Print Version One can have sympathy for Judges who are faced with making decisions which can lead to hardship or large losses due to events beyond the protagonists’ control. A Court, in this circumstance, will sometimes bend the strict rule … Continue reading
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Harmonious Taxes?
Print Version “Harmonious”: har·mo·ni·ous. Adj. Having component elements pleasingly or appropriately combined. One of the most important measures in the Ontario Budget 2009 brought down by the Liberals is the harmonization of the Retail Sales Tax and the Goods and … Continue reading
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Moving to a Harmonized Regime
Print Version The Provincial Government has, as of Friday June 19th, 2009, released the awaited details of how the HST introduced in the last budget will be implemented on new homes. For fuller details please refer to the publication on … Continue reading
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Ontario’s Thirteen Part Harmony
Print Version In the last provincial budget, Ontario has taken several business friendly tax initiatives. They have lowered the provincial corporate income taxes to bring them in line with other provinces. One initiative to pay for that lost revenue, is … Continue reading
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HST in Transition
Print Version I have sent out previous newsletters about the effect of the pending HST on new housing sales. This newsletter will summarize some of the transitional rules as set out by the Ministry in their publication “Helping Homebuyers and … Continue reading
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