The GST/HST new housing rebate is a federal government initiative in Canada that provides a rebate on the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) on new homes. The rebate is available to homebuyers who acquire a new home, a pre-construction home or make significant renovations to an existing home.
The new housing rebate is worth up to $6,300, or 36% of the GST of the HST paid on a freshly constructed house. The HST rebate for new homes is only available for homes with a reasonable market value of $350,000 or less. If you have spent over $350,000 on a home, you may still qualify for partial federal and provincial new housing rebates.
You may be entitled to claim a GST/HST new housing rebate for a house purchased from a builder if one of the following applies:
To file for the rebate, you must fill out and submit a form from the government website within two years of the completion date. You must fill out this form with details about yourself and your home.
You should also include a copy of your sales contract, your settlement statement, and any other relevant documents to your case.
If you’re claiming a refund for a new house purchased from a builder, the builder may be able to apply for the rebate on your behalf. The CRA will review your application and notify you of its determination. If you are accepted for the rebate, you will be mailed a cheque.
Please visit the CRA website to determine which forms are required based on your specific requirements.