Is GST Charged on the Brokerage Fee?
In Canada, GST is charge on all goods and services. The rate is 5% of the invoice amount. Since the brokerage fee is for real estate services supplied, it is subject to GST. To demonstrate, if your brokerage fee is $5000, the GST which will be deducted from your sale proceeds in addition to the brokerage fee would be $250.00 for a total of $5250.00.