Monday, April 12, 2010

Renters Get Help

A report says renters will be protected from rent increases due to the harmonized sales tax.

Sources say the province will close a loophole that would have let landlords apply for above-guideline rent hikes based on the 13 per cent tax on utilities.

Instead, new HST costs for utilities will be reflected in rent only as they affect the Consumer Price Index, which is used to calculate rent increases.