Personal Finance

Mortgage payments & HST

  • Last Updated:
  • Apr 2nd, 2019 8:05 pm
[OP]
Jr. Member
Sep 16, 2009
160 posts
8 upvotes
Toronto

Mortgage payments & HST

Does the mortgage payment include GST/HST?
My statements doesn't show any hst/gst in it. I'm trying to setup tax code in quickbooks.

Thanks for your help in advance.
5 replies
Deal Guru
User avatar
Mar 23, 2008
11357 posts
7663 upvotes
Edmonton
sooperG wrote: Does the mortgage payment include GST/HST?
My statements doesn't show any hst/gst in it. I'm trying to setup tax code in quickbooks.

Thanks for your help in advance.
Your original mortgage amount would have had the HST rolled into it at the start, I expect. How you handle that in Quickbooks, I have no idea.

C
Deal Addict
User avatar
Nov 18, 2007
3487 posts
548 upvotes
Valleywood
No GST/HST on mortgage amounts.

No Carbon Tax either!
Member
Feb 9, 2018
378 posts
276 upvotes
No GST/HST on mortgage interest cost. However, you may have paid HST if you bought a per-construction house which will be included in purchase price.
Deal Addict
Dec 12, 2009
4320 posts
1992 upvotes
Toronto
Personal or Business mortgage?
Trying to recapture HST on the business portion of a personal asset (home) can get messy when you sell the home and something you may not want to do without proper financial advice.
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[OP]
Jr. Member
Sep 16, 2009
160 posts
8 upvotes
Toronto
Personal mortgage. I have a home office. Thanks all.

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