Did you buy a new pre-construction home recently? You may be eligible for a GST/HST rebate up to $30,000! Enter your purchase price & province into the free calculator below to find out!
When you purchase newly built housing (including preconstruction), you pay a sales tax on top of the purchase price which is made up of GST and PST. Some provinces keep these taxes separate while others combine them in the Harmonized Sales Tax (HST). The GST/HST new housing rebate (click to learn more!) allows you to take back some of the federal portion of the tax also known as the Goods and Services tax (GST), and in select provinces there may also be rebates for the provincial part (PST) as well! Earn upwards of $30,000 back in just 8-12 weeks!
Important Notes:
The amount you can receive for the GST Portion is 36% of that tax amount up to a maximum of $6,300. But the GST rebate disappears once the home price exceeds $450,000.
MIB wants to help you get the most out of your rebate! We know you’re busy, and just the mention of “the CRA” is enough to send a cool chill down most people’s backs. That’s why we created this simple, hands-off rebate service to save you time and money. We do the work, you sign the cheque! Here's what we do:
Includes a free, professional consultation from a tax specialist with each application
Depending on your situation, you may be eligible for either the PST rebate, GST rebate, or both! In general, you may be eligible for the rebate if any of the following applies:
You purchased a new preconstruction home or condo for residential or rental purposes.
You purchased co-operative housing shares for residential purchases.
You substantially renovated your home.
To help you submit your documents accurately and maximize your rebate, MIB charges an easy, flat fee of $325 CAD per application (plus tax). This amount will not be charged until after we have confirmed your eligibility for this rebate, and secured the right paperwork & information required to proceed. We offer a free consultation to help you understand how much money you stand to gain. To get started, please fill out the form on the submission page.
To help you get started, we’ll need to gather some information and the following documents:
1. Purchase agreement or sales contract
2. Statement of Adjustments
3. Tenancy Agreement
*E.&O.E. Terms and Conditions Apply – All information herein was gathered from sources both professional and lay deemed to be reliable. Re/Max Real Estate Centre, My Investment Brokers Real Estate Brokerage and its representatives make no representation as to its accuracy and will not be held responsible for any discrepancies. Prospective purchasers are advised to verify all information herein. All renderings, pricing, incentives and other information are subject to change without notice.