GST/HST and housing
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GST/HST and housing
Notice to reader
Under proposed changes, the special reporting requirements of grandparented housing sales for builders have been simplified. For more information, see Reporting of Grandparented Housing Sales in the 2016 Federal Budget - Tax Measures: Supplementary Information and Form RC4617, Election and Schedule to a Return for Simplified Reporting of Specified Housing Supplies.
GST/HST generally applies to the sale by a builder of new housing and substantially renovated housing.
Builders are generally required to collect the GST/HST on the taxable sale of housing to an individual. However, where the buyer is not an individual purchasing housing, the GST/HST registration status of the buyer determines who collects and remits the GST/HST.
Builders who are registrants may be able to claim input tax credits (ITCs) to recover the GST/HST paid on the goods and services they used.
Where the purchase price or fair market value of the housing is less than $450,000, one or more housing rebates may be available, depending on the circumstances.
| Topics |
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Substantial renovations, conversions, and major additions |
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Exempt sales of residential housing and vacant land |
| GST/HST information for builders of housing Information for builders of housing, including self-supply rules |
| GST/HST housing rebates Rebates may be available to purchasers of new housing and landlords of new residential rental properties |
| Housing in Ontario Additional rebates may be available for housing located in Ontario |
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Housing in British Columbia |
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Housing in Prince Edward Island |
- Date modified:
- 2016-04-29