News and Insights

CRA Notice No. 244

Tax Development Oct 09, 2009

“Harmonization of the Ontario Retail Sales Tax with the Goods and Services Tax – Questions and Answers on Housing Rebates, Transitional Rules for Housing and Other Real Property Situated in Ontario”

The Canada Revenue Agency has issued this notice which provides questions and answers that reflect the proposed harmonized sales tax in Ontario as announced in the 2009 Ontario Budget and the transitional rules for housing and other real property located in Ontario, as announced in Information Notice No. 2, issued by the Government of Ontario in June, 2009.