HST NEW HOUSING REBATE



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:
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 vendor;
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.

Details

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.



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