Joseph Berljawsky Explains HST When Buying From a Builder on Assignment - Diamond and Diamond Lawyers
Personal Injury Lawyer Toronto | Car Accident Lawyer Toronto

Joseph Berljawsky Explains HST When Buying From a Builder on Assignment

Head of the real estate practice group for Diamond and Diamond, Joseph Berljawsky, was featured as a guest on teamfinanceflo’s Youtube channel to explain the HST you have to pay when you buy from a builder on assignment.

“There’s a price that’s before HST, then you add the typical 13% HST and then there’s a rebate that’s baked in. So what the builders do is they credit you the rebate amount and it brings you down to here. The rebate amount is usually like 24,000 to 25,000 depending on the price point. That middle number is your contract number so it includes HST, but it also includes it as net of the rebate… It’s still discretionary. The builder has the discretion to charge it whenever they are suspicious that it’s not owner-occupied or something like that. Sometimes, it happens on an assignment..”

Leave a Reply

 

Need a Lawyer?

We are here 24/7 to address your case. You can speak with a lawyer to request a consultation.

1-800-567-HURT

Get started with a free consultation

OUR TEAM

Get the help you deserve

1-800-567-HURT

Call NOW for a free consultation

 

Diamond & Diamond Ontario Head Office

255 Consumers Road, 5th Floor, Toronto, Ontario

>> Learn More

Diamond & Diamond Alberta Head Office

4246 97 Street NW, Unit 103, Edmonton, Alberta

>> Learn More

Diamond & Diamond British Columbia Head Office

1727 West Broadway, Suite 400, Vancouver, British Columbia

>> Learn More

Barrie

Main Office

168 Bayfield Street

Calgary

Main Office

1331 Macleod Trail SE, Suite 645

Calgary

Branch Office

2713 14 St SW

Calgary

Branch Office

600 Crowfoot Crescent NW #240

Edmonton

Head Office

4246 97 Street NW, Unit 103

London

Main Office

256 Pall Mall St, Suite 102

Oakville / Mississauga

Office

2939 Portland Drive, Suite 200

Oshawa

Consultation Office

50 Richmond Street E, Unit # 108 B

Ottawa

Main Office

955 Green Valley Crescent, Unit 315

Sudbury

Main Office

31 Larch Street, Unit 300

Surrey

Main Office

1104 – 13737 96 Ave, Surrey, BC V3V 0C6

Toronto

Head Office

255 Consumers Road, 5th Floor

Toronto

Diamond and Diamond | Real Estate Lawyers Toronto

1678 Bloor Street, Suite 302

Vancouver

Head Office

1727 West Broadway, Suite 400

Windsor

Main Office

13158 Tecumseh Rd. E. Unit 3B

Additional Areas Served

© 2021 Diamond and Diamond Lawyers LLP. All Rights Reserved.