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In Ontario, a rebate compensating for the HST leaves the first $400,000 of a new home purchase unaffected whereas the portion of a home above $400,000 will be charged the full HST. However, buyers of new homes can receive a rebate of up to $24,000 regardless of the price of the new home. [41] [42] The CRA has been actively reassessing many ...
New Brunswick: HST: 10: 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [6] Newfoundland and Labrador: HST: 10 15 The HST was increased two points to 10% with an overall tax of 15% on July 1, 2016. [7] Northwest Territories: GST: 0: 5 Nova Scotia: HST: 10: 15 [8]
Tax rebate discounting in Canada is regulated under the Tax Rebate Discounting Act. [3] All discounters must be registered with the CRA and comply with all requirements for record-keeping. This process is somewhat similar to a refund anticipation loan in the United States.
Refinancing a mortgage is when you take out a new home loan to replace your current one. If you bought your home when interest rates were higher than now, refinancing could be a way to save on ...
The goods and services tax [1] (GST; French: Taxe sur les produits et services) is a value added tax introduced in Canada on January 1, 1991, by the government of Prime Minister Brian Mulroney. The GST, which is administered by Canada Revenue Agency (CRA), replaced a previous hidden 13.5% manufacturers' sales tax (MST).
Loan type. When to use. Minimum credit score. Additional considerations. Fannie Mae HomeStyle. For any project. 620. Renovation costs limited to 75% of expected value of the property after reno
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