GST/HST new housing rebate
Owners who build their own houses are eligible to claim the new housing rebate for part of the GST and/or the federal portion of the HST. In order to claim, however, these owners must satisfy all of the following:
- The home that you built or renovated is the primary place of residence for you or your relation.
- The home’s fair-market value does not exceed $450,000 (including the cost of land, building, and additional structures)
- You or your relation must be the first to occupy the home once it has been completed. Otherwise, an exempt sale and transferral of ownership has to have taken place before the rebate is claimed.
- You paid the GST/HST on the labor, the land, and/or the home itself.
Note: For those claiming the new housing rebate on a mobile or floating home, they may claim either the GST/HST new housing rebate for the purchase of a new home or the GST/HST new housing rebate for an owner-built home. Modular homes are only eligible for this rebate if said modular home is considered a mobile home.
Co-owners of a new or newly renovated home will be eligible for the rebate if, and only if, both individuals meet all of the above criteria. Please note, however, that only one individual may act as the claimant/
Excluding the $450,000 maximum, these criteria also apply for the Ontario and British Columbia new housing rebates.