There is an interesting twist to this HST and real estate fees issue. Revenue Canada has just confirmed that if a transaction closes after July 1, 2010 but that parties agree that 90% of the work occured before July 1st no HST will apply. I’m sure how this will play out. The 90% factor!
Great news for the anxious!
See the full details concerning HST and real estate fees in the blog posting earlier in March.
