Impact of HST on New Property (Primary Residence)
| Sale price before taxes | GST | Price before July 2010 | GST Rebate | Net to Buyer before July 1 2010 (primary residence) | HST | Price after June 2010 | HST Rebate (including provincial rebate) | Net to Buyer July 1st 2010 and after (primary residence) | Net Impact to the buyer July 1st 2010 and after | |||||||||||
| 250,000 | 2,500 | 262,500 | 4,500 | 258,000 | 30,000 | 280,000 | 17,000 | 263,000 | (5,000) | |||||||||||
| 300,000 | 15,000 | 315,000 | 5,400 | 309,600 | 36,000 | 336,000 | 20,400 | 315,600 | (6,000) | |||||||||||
| 350,000 | 17,500 | 367,500 | 6,300 | 361,200 | 42,000 | 392,000 | 23,800 | 368,200 | (7,000) | |||||||||||
| 400,000 | 20,000 | 420,000 | 3,150 | 416,850 | 48,000 | 448,000 | 23,150 | 424,850 | (8,000) | |||||||||||
| 450,000 | 22,500 | 472,500 | - | 472,500 | 54,000 | 504,000 | 22,500 | 481,500 | (9,000) | |||||||||||
| 500,000 | 25,000 | 525,000 | - | 525,000 | 60,000 | 560,000 | 25,000 | 535,000 | (10,000) | |||||||||||
| 525,000 | 26,250 | 551,250 | - | 551,250 | 63,000 | 588,000 | 26,250 | 561,750 | (10,500) | |||||||||||
| 550,000 | 27,500 | 577,500 | - | 577,500 | 66,000 | 616,000 | 26,250 | 589,750 | (12,250) | |||||||||||
| 600,000 | 30,000 | 630,000 | - | 630,000 | 72,000 | 672,000 | 26,250 | 645,750 | (15,750) | |||||||||||
| 700,000 | 35,000 | 735,000 | - | 735,000 | 84,000 | 784,000 | 26,250 | 757,750 | (22,750) | |||||||||||
| 800,000 | 40,000 | 840,000 | - | 840,000 | 96,000 | 896,000 | 26,250 | 869,750 | (29,750) | |||||||||||
| 900,000 | 45,000 | 945,000 | - | 945,000 | 108,000 | 1,008,000 | 26,250 | 981,750 | (36,750) | |||||||||||
| 1,000,000 | 50,000 | 1,050,000 | - | 1,050,000 | 120,000 | 1,120,000 | 26,250 | 1,093,750 | (43,750) | |||||||||||
