Prince Edward Island provincial sales tax transitional new housing rebate

Purchasers

You are eligible to claim a PST transitional new housing rebate for the purchase of certain newly constructed or substantially renovated housing in Prince Edward Island where the housing was at least 10% complete as of April 1, 2013, and you paid the HST on the purchase of the housing that is a single detached house, semi-detached house, attached house (row house), or duplex.

A PST transitional new housing rebate is not available to purchasers of residential condominium units, mobile homes, floating homes, and owner-built homes.

Builders

You are eligible to claim a PST transitional new housing rebate if you are the builder of certain newly constructed or substantially renovated housing in Prince Edward Island where the housing was at least 10% complete as of April 1, 2013, and:

• the housing is a single detached house, semi-detached house, attached house (row house), or duplex and the purchaser paid the HST on the purchase;
• you accounted for the HST on the self-supply of the rental housing, such as a single detached house, semi-detached house, attached house (row house), duplex, residential condominium unit, traditional apartment building, or an addition to an apartment building; or
• you sold the newly constructed or substantially renovated housing that is a residential condominium unit or complex and either you had to pay the transitional tax adjustment for the unit or complex or your sale was subject to the HST. In this case, the rebate will be available whether or not the sale of the condominium unit or complex was grandparented.

Limitations

The PST transitional new housing rebate is based on the degree of completion of the construction or substantial renovation of the housing as of April 1, 2013, and the amount of the estimated PST embedded in the housing. See the appropriate form for information on how to estimate the degree of completion.

Application

If you are a builder or a purchaser of a house, use Form RC7000-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate, to claim this rebate.

If you are a builder of residential condominiums, use Form RC7001-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate – Residential Condominiums, to claim this rebate.

If you are a builder of apartment buildings, use Form RC7002-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate – Apartment Buildings, to claim this rebate.

Forms and publications

• GST/HST NOTICE279, Harmonized Sales Tax for Prince Edward Island (P.E.I.) – Questions and Answers on Transitional Rules for Housing and Other Real Property Situated in P.E.I.
• GST/HST Info Sheet GI-148, Harmonized Sales Tax: Stated Price Net of GST/HST New Housing Rebate and the P.E.I. PST Transitional New Housing Rebate
• GST/HST Info Sheet GI-151, Harmonized Sales Tax: Provincial Transitional New Housing Rebate for Housing in Prince Edward Island
• Form RC7000-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate
• Form RC7001-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate – Residential Condominiums
• Form RC7002-PE, Prince Edward Island Provincial Sales Tax Transitional New Housing Rebate – Apartment Buildings

Date modified:

2014-11-07