Happy Canada Day

Good Morning Canada!!! Happy Canada Day !!!!
Here we are at the beginning of summer and all of us enjoying a beautiful day of celebrations. There is so much going on this weekend. Where do you live? Just check out what is going on in your own community. Each and every city surrounding Toronto is celebrating. Fireworks are going to be exploding in the skies! It will be easy to find a park to watch some explosions. Bring a blanket, some popcorn, and the kiddies and enjoy this.

If you are reading this on the morning of the 1st of July, you are now going to be paying a new tax. Yes, folks, the dreaded HST is finally here. I've been talking about this for a while. Life is not going to stop! We are going to continue with our lives! We're going to continue to pay taxes. I did fill my car up with gas today just so that I could get one more tankfull without HST. We have all 'enjoyed' paying over $1.oo for gas, so this is not going to be a surprise. I have talked to contractors and builders, and they all said that they are not investing in anything because they don't know how HST will affect them. Well, unless you decide to retire from Ontario and possibly move to a different province (not BC) you will be paying HST.

Now, as HST pertains to Real Estate:
New Homes up to $400,000 - Still pay GST but no PST
New Homes Over $400,000 - will be paying HST
Resale Homes - no HST, no GST, no PST
Condo Fees - no changes therefore no HST
Residential Rents - no changes therefore no HST

There are lists upon lists of when HST will be charged. It's all provided at ontario.ca/taxchange

Now, go out and enjoy a day off! HAPPY CANADA DAY!!! And have a great start to the summer.

Any questions? Want to just chat?

Call me, Betty, directly at 416 427 1875

Betty Bartusevicius, Sales Representative
Re/Max Realty Specialists Inc., Brokerage
905 828 3434
Fine Homes In 905
Directly at 416 427 1875
Email: betty@bettybart.com
Web Site: bettybart.com

PSST: IF YOU KNOW SOMEONE WHO IS THINKING OF BUYING OR SELLING A HOME AND NEEDS MY HELP...FEEL FREE TO PASS ALONG MY NAME AND NUMBER TO THEM! ALL REFERRALS ARE GREATLY APPRECIATED

not intended to solicit buyers or sellers under brokerage contract