Final answer:
HST is indeed applicable to all chattels included in the purchase price, and for land transfer tax calculations, the value of the chattel is deducted from the purchase price, which is correct.
Step-by-step explanation:
The statement that HST (Harmonized Sales Tax) is applicable on all chattels included in the purchase price is true. Chattels are movable pieces of property that are not attached to the real estate and are typically treated separately for tax purposes. When it comes to calculating the land transfer tax, the value of the chattel would indeed be deducted from the purchase price since the land transfer tax is generally calculated based on the value of the real estate only, not the chattels.