HST and Commission

Here are 2 interpretations about HST and commissions. The position that can be taken is that any residential sales that firm up before July 1, 2010 but close on or after July 1, 2010, only GST would apply because 90% of the realtors job would have been finished, only conveyancing to be done. If you have listing which firms up after July 1, 2010, it likely that HST would apply; however there may be pro-rated calculation. As we are not accountants or CRA, we can only go by what information is provided to us. If you have an active listing writing on an old MLS contract which does not address HST, seller should sign a listing amendment to acknowledge the change from 5% to 12% HST on top of the commission

HST如何影響賣方支付經紀費

   1) "無條件"買賣合約在2010年6月30日確定下來, 但在2010年7月1日後才成交,這樣的情況只

      須付GST,因為房地產經紀人所需處理的部份90%都已完成,剩下的部份則由公司內部處理.

 

   2) 若"無條件"買賣合約是在2010年7月1日後才確定,那就可能要付HST,但也許可以按比例計

      算 因為我們非專業的會計師,我們只可根據所得到的資料做處理.  賣方如有任可疑問, 請與

 

      会計師及律師資詢. 

 

   若你目前有物業在地產局掛牌出售,而你所簽署的是舊版的賣房合約,上面未陳述有關HST,那

 

   賣家需簽一份賣房合約修改文件,在此文件確表賣家知道佣金需加上12%的HST而不是5%的

   

   GST