Homebuyers thinking of purchasing a new or pre-construction condo are often confused about the HST rebate. Questions like, "Who pays HST on new homes?" are often top of mind. And for good reason. The HST rebate can mean upwards of a $30,000 difference to your bottom line.
The Liberal Party's hydro subsidy smacks of desperation. It's bad policy, and playing politics over rising electricity prices is going to be expensive. Just like with the gas plant scandal, the Liberals are putting their political self-interest ahead of good public policy. They are trying to buy your vote with your money. It is going to cost us big time -- over $1 billion a year to be exact.
The Ontario Liberals should never have added the provincial portion of the HST to hydro bills in 2010, and a temporary rebate to bring down hydro bills is not the answer. Instead of continuing to manage our electric grid and economy based on the political fortunes of the corrupt Ontario Liberal Party, it is time for the government to get real about doing the right thing for a change.