Relaxation Of GST/HST New Housing Rebate Conditions
Budget 2021 proposes to remove this restriction in respect of an APS for a new home priced up to $350,000, entered into after April 19, 2021. Instead, the GST/HST New Housing Rebate will be available as long as the new home is acquired for use as the primary place of residence of any one of the purchasers or a relation of any one of the purchasers. Similar proposed amendments will apply to relax the conditions for GST/HST New Housing Rebates for owner-built homes.
Making Home Ownership More Accessible
Our Tax Experts Can Help You Navigate the New Budget
We are Excise Tax Experts, and we understand nuances of the Excise Tax Act, the various rebates and the Canada Revenue Agency (CRA) rules and regulations. We maintain frequent contact with CRA decision makers so we can provide our clients with timely and complete advice about their rebates. We understand that the application process can often be challenging and stressful. Connect with us at (647) 281-5399 and we can show you how a rebate expert can help you to maximize your rebate and help you navigate the rebate process.