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GST Rebate on new homes

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Blog by Liz Penner | October 7th, 2015

GST Rebate on new homes

New home buyers can apply for a rebate of the 5% GST if the purchase price is $350,000 or less. The rebate is up to 36% of the GST to a maximum rebate of $6,300. There is a proportional GST rebate for new homes costing between $350,000 and $450,000.

Canada Revenue Agency For information: GST-New housing rebate 1-800-959-8287

Information Courtest of the Vancouver Real Estate Board

To purchase your next home call Liz Penner with Greyfriars Realty at 604-376-3350.

To search for your new home click on the link below: