hst rebate on new homes ontario calculator
It is advisable to resolve the issue immediately rather than get charged thousands of extra dollars worth of interest because when the CRA eventually finds out, you will be charged interest on the total amount of the refund which can add up quickly. People allowed to receive the new home rebate even if the property is not their primary residence: Spouses Parents Grandparents Siblings People disqualified from receiving the HST rebate if the home or condo is not their primary residence: Aunts Uncles Cousins Nephews Nieces Friends Business Associates The CRA allows "voluntary disclosure," which means if you made a mistake and requested an HST rebate for a new home and were not actually eligible, you can correct the problem before it becomes a more serious issue. Home School Contact Search. For this reason, anyone who buys a new home or condo as an investment property should promptly apply for the rebate. Substantially Renovated Homes.
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