RE/MAX Escarpment
Languages
Specialties
Business Opportunities, Buyers, Downsizing, First Time Buyers, First Time Sellers, Investments, Luxury Homes, Power of Sale, Relocation, Residential, Sellers
Locations
Burlington, Collingwood, Fonthill/Pelham, Hamilton, Oakville, St. Catharines, Stoney Creek
May 05, 2023
In Ontario, the sale of newly built homes is subject to GST/HST. This means that anyone in Ontario who purchases a new home from a builder is required to pay HST/GST on their purchase.
The GST/HST New Housing Rebate was introduced to help homeowners deal with the cost of buying a new home. Provided a purchaser meets certain criteria, he/she may be entitled to offset up to $24,000 if you paid the HST on the purchase of the land, and $16,080 if you did not.