Changes to the HST on New Homes - A Lobbying Success

TheStar.com | News & Features | Lobbying nets 'major' changes to HST on new home purchases

A little good news on the HST front. The Provincial Government has agreed to some changes to how the new HST will be applied to houses.

But after vigorous lobbying from the Building Industry and Land Development Association and the Ontario Home Builders' Association, the province has agreed to charge the HST only on the amount of the purchase price over $400,000 and not the entire purchase price.

"This is a much-needed win for builders and homebuyers," said BILD president and CEO Stephen Dupuis. "This is a major amendment."

"It was the right move for the government to make," said Ontario Home Builders' Association president Frank Giannone. "And the lower middle class, who we were worried about, will be protected."

There's still a long way to go, but this is welcome news.

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