Witryna12 mar 2024 · when a Deposit is collected, there is no HST. HST is collected when an invoice is issued, regardless of whether the job is complete or not. Cheer Reply Diane18 Level 4 March 12, 2024 08:38 AM I must be doing something wrong then. I always create an estimate which includes the HST. Witryna22 mar 2024 · In exchange, you pay him your monthly rent. HST implication on the rental income from short-term rental is the same as what I have mentioned above. You are to charge HST on rent if your income from all commercial activities including short-term rentals exceed $30,000. You can claim the HST you paid on expenses to lower …
The GST/HST and the Purchase, Use and Sale of Vacation …
Witryna5 gru 2024 · In Ontario, the standard real estate agent commission is 5% of the property price plus HST, but in practice, the commission can range anywhere from 3.5% to 5%. The total commission will be divided between the buyer and seller agents, where the buyer's portion is typically fixed at 2.5%. Best 5-Year Fixed Mortgage Rates in ON … Witryna7 sie 2014 · Initially, a board may be able to assess the risk of the applicability of GST/HST based on the $50,000 small supplier threshold for an NPO. But if the condo … matt wright update
BC HST on Rent, British Columbia Harmonized Sales Tax on Rental …
Witryna1 lis 2024 · There is a lot of confusion out there about whether or not commercial rental property is subject to HST. The answer is: it depends. If the commercial rental property is considered to be a “commercial activity” as defined by the Canada Revenue Agency, then it is subject to HST. WitrynaThere is no standard commercial lease because businesses are different, but there are some things which most commercial leases should cover such as: the rent amount, … Witryna26 mar 2024 · A 13% HST rate was implemented by Ontario in 2010 along with a 5% GST and an 8% PST. However, certain items and services are exempt from the HST … matt wright willow wilson