Get part of the GST or HST back when you build or buy a new house, or substantially renovate your house.
The following projects qualify for the rebate:
Building a home or contracting someone to build one
Buying a newly constructed or substantially renovated home from a builder
Buying a newly constructed house from a builder, where you lease the land from the builder under the same agreement to buy the house
Substantially renovating a home or building a major addition to one. (“Substantially renovating” means removing or replacing 90% or more of the interior of an existing house.)
Rebuilding a home destroyed by fire
Buying a share of the capital stock in a newly constructed cooperative housing project
Note that houses above $450,000 in market value (after the renovations) do NOT qualify for this rebate.
Leave a Reply