HST New Housing Rebate in Ontario

[Navtaj Chandhoke]

HST New Housing Rebate in Ontario

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Program

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:

renovated home (including the land

or if you lease the land) from a builder;

(including a modular home) or a

floating home from a builder or

vendor;

a co-operative housing corporation;

renovate your own home, or carry out

a major addition (or hire another person

to do so); or

subsequently rebuilt.

Details

exempt from the HST. The purchase

price of newly constructed homes are

subject to HST.

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.

rebate of the provincial portion of the

HST applicable to the purchase price

to a maximum of $24,000.

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