Housing GST/HST Rebate Gives Back to Home Buyers
Looking for a good reason to buy a new home? Did you know that home buyers purchasing a new home can be eligible for a GST/HST Housing Rebate incentive? It’s a great way for home buyers or first time home buyers to enjoy the opportunity of buying a new home, while alleviating some of the cost. This rebate is a little more lenient than other programs of who's eligible, but still requires to follow some stipulations listed and explained below:
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Homes must be bought from a certified builder
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Home buyers are allowed to purchase a home to live in later, such as a retirement home
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You must be the owner of the house and have permission to do alterations
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Single family homes, a duplex, condominium unit, and town homes are included in the use of the GST/HST rebate.
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Rebate qualifies for homes being purchased as a bed in breakfast for example, but you must be occupying 50% of the home.
This government GST/HST rebate is something new and secondary home buyers can benefit from. For more details and information, visit their website. Please don’t forget to follow our blogs and give us a like on Facebook.
If you haven’t yet, please read our Home Buyer Program incentive blog, to learn about another government program aimed more towards first time home-buyers. Don’t forget to share and like our posts!