- The Canadian Revenue Agency updated Publication No. RC4052 on December 31, 2024
- The publication provides GST/HST guidance for the home construction industry
- All assignment sales of newly constructed or substantially renovated residential housing are subject to GST/HST since May 7, 2022
- Most GST/HST registrants are required to file returns electronically starting in 2024
- The cap for the rebate on GST/HST for new residential rental property under the purpose built rental housing scheme increased to 100 percent from 36 percent
- There are no phase-out thresholds for the increased rebate for qualified properties
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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