HST. If the sale of the Property (Real Property as described above) is subject to Harmonized Sales Tax (HST), then such tax shall be
HST. The use of Funds is based on the net amount of harmonized sales tax to be paid by the Recipient net of any applicable tax rebates.
HST. The following section states how HST is to be treated, if HST is to be paid.
HST. (a) Contracting Authority covenants and agrees to pay to Project Co the HST that may be exigible with respect to any payments made by Contracting Authority to Project Co hereunder.
HST. If the sale of the property (Real Property as described above) is subject to Harmonized Sales Tax (HST), then such tax shall be in addition to the Purchase Price. The Seller will not collect HST if the Buyer provides to the Seller a warranty that the Buyer is registered under the Excise Tax Act (“ETA”), together with a copy of the Buyer’s ETA registration, a warranty that the Buyer shall self-assess and remit the HST payable and file the prescribed form and shall indemnify the Seller in respect of any HST payable. The foregoing warranties shall not merge but shall survive the completion of the transaction. If the sale of the property is not subject to HST, Seller agrees to certify on or before closing, that the transaction is not subject to HST. Any HST on chattels, If applicable, is not included in the Purchase Price.
HST. (a) The parties acknowledge that the Purchase Price includes the tax applicable to the within transaction commonly known as “HST” less the HST New Housing Rebate commonly available to purchasers of new homes for themselves or their relatives (the “HST New Housing Rebate”). Notwithstanding anything to the contrary in this Agreement, the Purchaser hereby irrevocably assigns to the Vendor the Purchaser’s right, interest and benefit (now or in the future) of the HST New Housing Rebate;
(b) The Purchaser warrants that the Purchaser qualifies for the HST New Housing Rebate if any is available. The Purchaser further warrants that the Property is being purchased as the Purchaser’s primary place of residence and that the Purchaser will take possession and occupy the Dwelling forthwith on the Occupancy Date and will not allow occupancy of the Dwelling by any other individual (other than the Purchaser’s immediate family) as a place of residence prior to occupancy by the Purchaser;
(c) If for any reason the Purchaser does not qualify for the HST New Housing Rebate, then the Purchaser shall be fully responsible and shall forthwith pay to the Vendor, in addition to the outstanding balance of the Purchase Price, the amount of such rebate plus interest at the Toronto-Dominion Bank’s prime rate of interest per annum, plus two per cent calculated from the Closing Date plus any fees, penalties or damages which may be imposed on the Vendor by the applicable taxing authority;
(d) If any change to the amount of the HST or the amount of the HST New Housing Rebate comes into force as at the date when HST becomes payable on the Property, the effect of which is to increase the amount of HST payable or to decrease the amount of the HST New Housing Rebate, then the Purchaser shall be fully responsible and shall forthwith pay to the Vendor, in addition to the outstanding balance of the Purchase Price, the amount of such difference; and
(e) The Purchaser agrees to execute and deliver on the Closing Date (or otherwise, as requested from time to time by the Vendor) whatever documentation the Vendor may require to confirm the foregoing warranties and agreements. For clarity, such documentation shall include an application in the manner and in the form required by the applicable taxing authority for the HST New Housing Rebate or authorization to the Vendor to complete such application on the Purchaser’s behalf and its assignment as well as such other documents, including an indemnity to th...
HST. The Purchase Price does not include Harmonized Sales Tax (“HST”). If the transaction is subject to HST and the Purchaser is not a HST Registrant, the Purchaser agrees to pay the applicable HST to the Municipality in addition to the purchase price herein. If the Purchaser is a HST Registrant and the Municipality is not required to collect or remit the applicable HST, the Purchaser irrevocably undertakes to file the “Harmonized Sales Tax Return for Acquisition of Real Property (HST/GST Form 60 or its equivalent) with Canada Customs and Revenue Agency. The Purchaser certifies that his HST Registration Number is .
HST. The Contractor will register as required under the Excise Tax Act for the collection and administration of the Harmonized Sales Tax and will advise the Company:
(a) on execution of this Agreement, of the Contractor’s Goods and Services registration number, to be recorded in the Main Agreement; and
(b) immediately upon any change in the Contractor's status under the Excise Tax Act.
HST. The parties acknowledge and agree that the Purchase Price stipulated in the within Agreement is inclusive of any applicable Goods and Services Tax and the Harmonized Sales Tax ("GST/HST") levied pursuant to Part IX of the Excise Tax Act (Canada) (the "GST/HST Legislation") and that the actual consideration for the property, exclusive of any extras, requested changes or adjustments as herein provided, is the amount derived by subtracting the GST/HST payable with respect to the within transaction of Purchase and Sale (net all refunds, credits and rebates available to the Purchaser and assigned to the Vendor pursuant to the GST/HST Legislation and any regulations made thereunder) from the Purchase Price (the "Consideration"). The Purchaser acknowledges and agrees that the Vendor shall insert the Consideration in Box 4 of the Transfer/Deed of Land of the property that the Vendor delivers to the Purchaser on the Closing Date.
HST. The Vendor shall on completion collect, any Harmonized Sales Tax (“HST”) exigible on the Purchase Price and shall forthwith remit such HST in accordance with applicable legislation, unless the Purchaser provides to the Vendor evidence (satisfactory to the Vendor), that the Purchaser: is an HST registrant: shall self-assess and remit all HST payable in connection with the transfer of the Property; and, shall indemnify and save harmless the Vendor from and against any and all HST penalties, costs and/or interest which may become payable by or assessed against the Vendor as a result of any inaccuracy, misstatement or misrepresentation made by the Purchaser in connection with this Agreement.
