Assignment Sales in Ontario: The HST Rule, and Where CRA Contradicts Itself
All assignment sales of new housing became taxable for GST/HST after 6 May 2022. But CRA’s own guidance and the statute disagree on the deposit portion.
Etobicoke condo and real estate guides from Jatin Dua, a local RE/MAX Quantum Realty agent focused on The Queensway, Humber Bay Shores, Mimico and central Etobicoke. Thinking about buying or selling in Etobicoke? Tell me the street or the price range and I will give you a straight read on it, including when the answer is to wait. Call or text 833-330-1925, or send me a message.
All assignment sales of new housing became taxable for GST/HST after 6 May 2022. But CRA’s own guidance and the statute disagree on the deposit portion.
Selling a principal residence must be reported even when fully exempt. Late designation costs up to $8,000. What Toronto downsizers need to know.
Toronto’s Vacant Home Tax has no exemption for moving or for an empty home listed for sale. 3% of assessed value. What owning two homes actually costs.
Probate, the estate administration tax, the 180-day return and the three-year vesting rule. What an estate trustee needs before an Ontario property can sell.
One spouse cannot sell a matrimonial home in Ontario without the other’s consent, even as sole owner on title. What the Family Law Act actually says.
New condo sales across the GTA fell to a 35-year low in early 2026, and most investors with new condo mortgages are losing money every month. What’s actually driving it, and how to tell if it’s a signal for your own unit.
Toronto caps entire-home short-term rentals at 180 nights and requires a principal residence. An investor-owned Humber Bay condo cannot legally be one.
Toronto’s adopted transportation plan cuts Park Lawn Road to two traffic lanes and adds a new Street A whose cost estimate rose to $270 million.
Roughly 7,500 units approved in principle on the old Christie’s site. But the developer’s own applications are still under review, and work is paused.
Almost every large suite on the Etobicoke waterfront sits in a building 20 to 45 years old. What that means for the reserve fund, and what to ask for.