Include HST in commercial property NOI?

[ccinhk]

Do you include HST when reporting a commercial property's NOI?

 

[Thomas Beyer]

Not usually as the GST or HST on the difference between rent collected and expenses has to be sent to the government.

 

[ccinhk]

Not usually as the GST or HST on the difference between rent collected and expenses has to be sent to the government.

Then any expenses included in NOI should be net of HST as well?

 

[Thomas Beyer]

Not usually as the GST or HST on the difference between rent collected and expenses has to be sent to the government.

Then any expenses included in NOI should be net of HST as well?

Yes


Thomas Beyer, Asset Manager, Investor, Community Improver, Author, Father, Mentor www.prestprop.com