HST New Housing Rebate
The HST New Housing Rebate allows you to claim a rebate for newly renovated home or newly built home, which will recover some of the GST (goods and service tax) if your met the terms accurately. This rebate do not applies to corporations or partnerships.
The main condition for eligibility is that the property is purchased for the owner or the relative person of the family as a primary place for residency.
Introduction to relative person:
For qualifying the rebate as a relative person, the applicant must be one of the two categories mentioned:
Parents, grandparents, siblings, children or grandchildren.
Spouse of the buyer (by marriage law)
In Toronto, applicant can apply for a 75% rebate that is applicable to the buying price to a maximum amount of $24,000.