HST New Housing Rebate
The HST New Housing Rebate program enables you to claim a rebate on a portion of the HST you pay for purchasing or building a newly constructed home. The program also applies to the cost of a newly renovated home, a new mobile home, or rebuilding a home that was destroyed in a fire.
The HST is not applicable to the purchase price of resale homes, but it applies to newly constructed homes. If you are a new home buyer, you can apply for a rebate of 36% on the federal portion of the HST paid on the purchase price, up to a maximum of $6,300 for homes priced at $350,000 or less. For homes priced between $350,000 and $450,000, the rebate will be reduced proportionately, and no rebate will be available for homes priced above $450,000.
Furthermore, for the provincial portion of the HST, new home buyers can apply for a 75% rebate based on the purchase price, up to a maximum of $24,000.