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New Housing and the Harmonized Sales Tax: Lessons from Ontario popular
This Backgrounder analyzes Ontario’s plans for the treatment of new housing under a new Harmonized Sales Tax (HST) and presents the costs and benefits of options available to other provincial governments as they consider harmonizing their sales taxes with the federal Goods and Services Tax (GST).The proposed adoption of an HST in Ontario and British Columbia represents an intelligent tax reform that will benefit the economy as a whole, but the impact of the tax reform on new housing has been a thorny issue.
Title of Report:
New Housing and the Harmonized Sales Tax: Lessons from Ontario
Publisher:
The C.D. Howe Institute
Publication Date:
2009-10-30
Report Description:
This Backgrounder analyzes Ontario’s plans for the treatment of new housing under a new Harmonized Sales Tax (HST) and presents the costs and benefits of options available to other provincial governments as they consider harmonizing their sales taxes with the federal Goods and Services Tax (GST).The proposed adoption of an HST in Ontario and British Columbia represents an intelligent tax reform that will benefit the economy as a whole, but the impact of the tax reform on new housing has been a thorny issue.
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