Is GST, HST or PST applicable to the financial transactions in AppraisalGIS.com®?
GST and HST is payable on the deposit, as well as for each transaction obtained, at the current rate in the province in which the participating firm is located. HST will also be paid for each participating firm who sells a property record. It is assumed all participants in AppraisalGIS.com® are already HST or GST registrants and the business (GST/HST) number is required on the application forms. Any GST or HST, paid or received through AppraisalGIS.com, will be treated by the participating firms as any other taxable, income or expense item. PST is not collected or paid on either the deposit or transactions even though the service may be considered taxable; users may need to self-assess PST.
