- The budget removes the maximum $24,000 provincial HST rebate for new homes.
- This change affects both the New Housing Rebate and New Residential Rental Property Rebate.
- The rebates will end after March 31, 2027.
- The elimination aligns with the conclusion of the temporary enhanced HST relief.
Source: assets.kpmg.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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