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| Good Advice from Real People
Welcome to our website, Friday 18 May 2012 OUR PROFESSIONAL TEAM AT SJ LAW offers you — our past, present and future clients — legal services that actually meet your specific needs. Quality advice and personal service are what you have come to expect from us if Stewart Johnston has already had the privilege of serving you, your company or your future. Our practice focuses on business & corporate law, trusts, estate planning and real estate law. To this portfolio we add value by helping you integrate our services with the services you receive or need from your other professional advisors such as your accountant, your financial planner or your Realtor ... really, it is all about you. Come on in and explore the pages of our website and see who we are and what we do. You’ll find real people, ready to give you good advice.  Stewart Johnston |
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W h a t ’ s N e w
PST BEGINS TO REPLACE HST IN CONSTRUCTION
For newly built homes where construction begins before April 1, 2013, but ownership and possession occur after, purchasers will not pay the seven per cent provincial portion of the HST. Instead, purchasers will pay a temporary, transitional provincial tax of two per cent on the full house price. This is intended to bring about equitable treatment among purchasers and help mitigate distortive market behaviour. Builders will receive temporary housing transition rebates to offset PST on materials to help prevent double-taxation on homebuyers.
- Average amount of embedded sales tax in newly built homes under PST: two per cent.
- Tax paid by purchasers on an $850,000-newly built home after HST rebate: two per cent.
- Tax rate on a newly built home during transition: two per cent.
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