Ontario Real Estate Licensing Exam Practice · Question
When is HST generally applicable to the purchase of a newly constructed residential property in Ontario?
HST is generally applicable to the sale of newly constructed residential properties in Ontario. This is because the builder is typically an HST registrant and t
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Question: When is HST generally applicable to the purchase of a newly constructed residential property in Ontario?
Answer options:
- Only if the buyer elects to pay HST voluntarily ✅ Always, regardless of buyer or builder status
- Only if the property is over a certain price threshold
- Only if the builder is not an HST registrant
Correct answer: Always, regardless of buyer or builder status
Explanation: HST is generally applicable to the sale of newly constructed residential properties in Ontario. This is because the builder is typically an HST registrant and the first sale of a new home is considered a taxable supply under the Excise Tax Act.
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