Nov

22

GST QST Housing Rebate

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GST QST Housing RebateGST QST Housing Rebate

A rebate is available on a portion of the GST/HST and QST paid by the owner on a newly built house, or on the substantial renovations made to a house. This includes a major addition built on land owned or leased and the conversion of non-residential property.

This rebate is available to the owner, provided he or she is an individual and meets all of the associated conditions. For individuals in Quebec, and QST purposes, the appropriate forms must be completed, depending on the situation as follows:

  • Form FP-2190.A-V, GST-QST New Housing Rebate Application: Owner of a new home and land purchased from the same builder-5% GST and 9.5% QST;
  • Form FP-2190.P-V, GST-QST New Housing Rebate Application: Rebate granted by a builder – 5% GST and 9.5% QST and;
  • Form FP-2190.P-V, GST-QST New Housing Rebate Application: Owner of a new or Substantially Modified Home.

The purchaser may request that the builder credit the value of the rebate against the acquisition price.

To learn more about tax savings and GST/QST credits, contact us today.

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Category: Personal Tax Tips

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