The Ontario government announced it is taking steps to remove the Harmonized Sales Tax (HST) on qualifying new purpose-built rental projects.

Although condo corporations in Canada are non-profit, there are still tax implications and annual filings that are often overlooked.

Tax specialists are reminding commercial landlords that rent deferrals could have flow-through implications for required GST/HST remittances to the Canada Revenue Agency.

This video report addresses how to handle the impact of the HST. Commentators: Brookfield Residential's Dean McCabe, Halsall Associates' Sally Thompson and CG Maintenance's Richard Senechal.