What about GST, is it applicable?
Irina Bartnik- Notary Public • November 19, 2019
GST in a Real estate is tax that is applicable to the properties that produce income. It is responsibility of the Seller to collect and remit the GST. GST is often applicable on the residential properties that are owned by the companies, or to the properties that are used for short term vacation rentals. GST is almost always applicable on the sale of the empty lots.
Buyers are often surprised that they have to pay GST, as at the time of the offer this tax was not disclosed to them, or seller “did not know that it was applicable”. To make sure that you as a buyer do not get stuck with paying extra tax that you did not expect, insist in the clause in the contract : If GST is applicable it is included in the purchase price.
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Besides this Husky being adorable...also...adoptable😀 Read more here.   📣 "In the real estate business, you learn more about people, and you learn more about community issues, you learn more about life." - Johnny Isakson
The Township is offering a variety of free and low-cost outdoor events in every neighbourhood during July and August. “Summer Nights in the Township is a series of free and low-cost family-friendly events held throughout the Township that are open to residents and non-residents. Everyone is welcome to attend. We try to rotate events throughout the Township to give people the opportunity to enjoy a free experience close to home,” said special events manager, Kevin Muirhead. “This year’s lineup includes concerts, movies in the park, Family Fun Nights and a Community Water Fight. Plus, we have our popular events at The Outdoor Experience at Aldergrove Community Centre returning this year as well.” Concerts at the Willoughby Community Park Amphitheatre every Thursday evening at 7 p.m. will showcase talented musicians from different genres, while outdoor movies at various parks will feature family-friendly films. Find out more
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