LW1034 – LIVE WEBINAR – GST/HST and NEW HOUSING REBATES – NOVEMBER 18, 2021 AT 12 PM EST
Since the real estate market is still booming, anyone planning on taking advantage of the new housing rebate should watch this webinar. Many homeowners and condo owners are very surprised when they get a letter in the mail from the CRA telling them they are not entitled to the rebate and must pay it back with interest.
There are basically two types new housing rebates. The most common one is the rebate available to individual homeowners who either purchase a new primary place of residence or significantly renovate it. This rebate is not automatically paid to the purchaser, an individual must qualify for the rebate.
The second rebate is for those who buy or renovate a rental property to be used first used as a place of residence for their tenant.
In this 1.5-hour webinar Diane will discuss the rules for both types of rebates.
This webinar will be a great review for practitioners, accountants, bookkeepers and business owners who want a better understanding of the GST/HST rules related to the two new housing rebates.