The New Home HST Rebate

People who buy a new home or condominium from a builder must understand that the HST rebate is built into the sale price.  The builder will get this money, after closing, from the Canada Revenue Agency (CRA), so long as you move into the home.  If you are not moving in, but intend to rent it out or resell it immediately, you will have to pay this HST, typically between $20,000 and $30,000, to the builder on closing. Otherwise CRA may chase you for the money later.

Vera Aceto

Vera Aceto

Sales Representative
CENTURY 21 People's Choice Realty Inc., Brokerage*
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