Mortgage Info
#1
Hello All,
I've been checking rental accomodation in Nova Scotia and found there is no tax charges on your rental (goods or provincial tax).
Does this apply to mortgage payments also?
I'm aware of the property tax which i believe is equivalent to UK council tax.
My wife and I are off to Nova in 3 weeks time for a recce and we'll look into mortgages then.
Hopefully someone can shed light on this in the meantime.
Kind Regards Colin
I've been checking rental accomodation in Nova Scotia and found there is no tax charges on your rental (goods or provincial tax).
Does this apply to mortgage payments also?
I'm aware of the property tax which i believe is equivalent to UK council tax.
My wife and I are off to Nova in 3 weeks time for a recce and we'll look into mortgages then.
Hopefully someone can shed light on this in the meantime.
Kind Regards Colin
#2
There are no sales taxes on re-sale residential properties.
There is GST on Brand new build, or "substantial" renovations, a portion of this can be reclaimed.
There is no sales tax on the mortgage payments, but there may be tax charged on say the property valuation, or brokers charges if applicable.
There is GST on Brand new build, or "substantial" renovations, a portion of this can be reclaimed.
There is no sales tax on the mortgage payments, but there may be tax charged on say the property valuation, or brokers charges if applicable.
#3
There are no sales taxes on re-sale residential properties.
There is GST on Brand new build, or "substantial" renovations, a portion of this can be reclaimed.
There is no sales tax on the mortgage payments, but there may be tax charged on say the property valuation, or brokers charges if applicable.
There is GST on Brand new build, or "substantial" renovations, a portion of this can be reclaimed.
There is no sales tax on the mortgage payments, but there may be tax charged on say the property valuation, or brokers charges if applicable.
Regards Colin







