- The GST/HST New Housing Rebate helps individuals recover part of the GST/HST paid on new, substantially renovated, or owner-built primary homes in Canada.
- The standard federal rebate is 36% of the federal tax paid, up to $6,300, and phases out for homes valued from $350,000 to $450,000.
- First-time home buyers may qualify for an expanded rebate of up to 100% of the 5% federal GST, capped at $50,000, for homes up to $1 million, with a phase-out up to $1.5 million.
- Provinces may also offer additional rebates, such as Ontario’s new housing rebate of up to $24,000.
- Claims are submitted to the CRA using forms like GST190 or GST191, usually within two years of occupancy or possession.
Source: goodservicetax.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.
