tag:blogger.com,1999:blog-4889049120564036324.post9035157095686653303..comments2023-10-30T09:00:52.036-04:00Comments on Living in Toronto: The Harmonized Sales Tax’s Effect on Real EstateDavid Pylyphttp://www.blogger.com/profile/05997203111792712603noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4889049120564036324.post-39979256322106176962010-08-16T15:55:46.207-04:002010-08-16T15:55:46.207-04:00Additional Links Provided by Grahame;
I read you ...Additional Links Provided by Grahame;<br /><br />I read you blog post regarding the Harmonized Sales Tax and just wanted to share a couple links with you.<br /><br />Please find more information for people buying homes here: http://www.rev.gov.on.ca/en/taxchange/homebuyers.html <br /><br />Another helpful document is a list of what's taxable under the HST and what's not: http://www.rev.gov.on.ca/en/taxchange/pdf/taxable.pdf. <br /><br />For more information about the HST please visit www.ontario.ca/taxchange. <br /><br />Please do not hesitate to contact me if you have any questions regarding the HST or the government’s tax reforms.<br /><br />Thank you,<br />Grahame<br /><br />Grahame.mor@ontario.ca<br /><br />www.twitter.ca/riversgrDavid Pylyphttps://www.blogger.com/profile/05997203111792712603noreply@blogger.comtag:blogger.com,1999:blog-4889049120564036324.post-83615909256738411882010-08-16T11:59:59.356-04:002010-08-16T11:59:59.356-04:00Hi, my name is Grahame with the Ontario Ministry o...Hi, my name is Grahame with the Ontario Ministry of Revenue. I read your post and wanted to add the following comments.<br /><br />The number one thing that can be done to ensure that people can afford a home is to ensure that people have a job. The HST is estimated to increase investment by $47 million and almost $600,000 jobs.<br /><br />The HST will not apply to homes under $400,000 and will not apply to resale homes regardless of the price. <br /><br />The HST is part of this comprehensive tax package that will see 93 per cent of Ontarians receive personal income tax cut. With these cuts Ontario now has the lowest provincial tax rate in Canada on the first $37,106 of taxable income. In fact, 90,000 low-income Ontarians will no longer have to pay Personal Income Tax.<br /><br />To help families we have introduced a permanent $260 Sales Tax Credit for low- and middle-income adults, children and seniors. In total $4.2 billion in transition payments will be delivered to help Ontarians adjust to the Harmonized Sales Tax. It is important to remember that every $100 in tax relief is equivalent to the 8% tax on $1250 in newly taxed items.grahamehttps://www.blogger.com/profile/11485925936831041329noreply@blogger.com