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GST Rebate on New Homes
New home buyers can apply for a rebate
of the federal portion of the HST (the 5% GST)
if the purchase price is less than $350,000. The
rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional
GST rebate for new homes costing between
$350,000 and $450,000.
Canada Revenue Agency www.cra.gc.ca. Enter
‘RC4028’ in the search ...
