HST New Housing Rebate

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HST New Housing Rebate

Post: # 45705Post Flipping4Profit.ca
Fri Aug 21, 2015 5:16 pm

HST New Housing Rebate

You may be eligible to claim a rebate for
a part of the HST you pay on the purchase
price of a newly constructed home
or the cost of building your home if:

• you buy a new or substantially
renovated home (including the land
or if you lease the land) from a builder;
• you buy a new mobile home
(including a modular home) or a
floating home from a builder or
• you buy a share of capital stock of
a co-operative housing corporation;
• you construct or substantially
renovate your own home, or carry out
a major addition (or hire another person
to do so); or
• your home is destroyed in a fire and is
subsequently rebuilt.


• The purchase price of resale homes are
exempt from the HST. The purchase
price of newly constructed homes are
subject to HST.
• New home buyers can apply for a
36% rebate of the federal portion of
HST applicable to the purchase price
to a maximum of $6,300 for homes
costing $350,000 or less. For new
homes priced between $350,000 and
$450,000, the rebate on the federal
portion of the HST rebate would be
reduced proportionately. New homes
priced $450,000 or higher would not
receive a rebate of the federal portion
of the HST.
• New home buyers can apply for a 75%
rebate of the provincial portion of the
HST applicable to the purchase price
to a maximum of $24,000.


We believe the information contained in this article to be accurate. It is presented with the understanding that we are not engaged in rendering legal, accounting, or investment advice. When professional assistance is required, utilize the services of a licensed real estate broker, lawyer, accountant, or other consultant as may be required.

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