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GST and Rental Properties - Residential Units |
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| No GST is payable on residential rents. However, if you employ a REALTOR or another professional to find and arrange a tenant for your rental property, GST applies to the fees and commissions they charge for providing this service. GST also applies to the fees charged to the landlord for property management, as well a repair and maintenance services. Monthly fees charged by condominium associations are not subject to GST. | |
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If you rent out a house, condominium unit or townhouse on a long-term basis, i.e., each lease lasts for at least a month, the rent will be exempt from GST. In other cases, professional advice should be sought with respect to whether a rent is subject to GST. GST and Commercial Rent GST applies to most of the rentals of commercial real property with exceptions in limited circumstances. For instance, there is no GST on the rent paid to a landlord who is a “small supplier” (e.g. a person who is not required to collect GST). |
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If you have any questions or require further information, please send me an email. Thank you, Read about Power of Sale, Bank Sales and Foreclosure Properties FAQ's Read a very detailed section about Power of Sale and Foreclosure or go back to list of Real Estate Helpful Articles |
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Mississauga MLS Real Estate Properties & MLS.CA Homes for Sale All Pages including SiteMap, Add URL , Mississauga Real Estate Blog and Guestbook maintained by A. Mark Argentino, 
mark@mississauga4sale.com Copyright © A. Mark Argentino, P.Eng., Broker, RE/MAX Realty Specialists Inc., Brokerage, Mississauga, Ontario, Canada L5M 7A1 (905) 828-3434 First created - Tuesday, July 16th, 1996 at 3:48:41 PM -
Last Update of this website:
Tuesday, August 19, 2008 4:36 PM
At this Mississauga, (Erin Mills, Meadowvale, Streetsville, Sawmill Valley, Credit Mills and/or Churchill Meadows) Ontario, Canada Real Estate Property web site you will find relevant information to help you and your family.
