Existing residential houses or units are exempted of PST AND GST
However, new constructions and buildings that have been the object ot major renovations are subject to PST and GST.
Possible reimbursement.
The buyer of a newly built unit or if it has been the object of major repairs, may be able to claim a reimbursement of 36% of the GST and PST applicable to the transaction.
Only units in divided coownership (condo) or if the purchased building does not contain more then 2 units may qualify to the PST and GST reimbursement.
That includes single family houses, attached houses, condo units, mobile homes and floating homes.
The unit must be the usual residence of the buyer or of a related person.
For the GST, the maximum price must be $450,000 and $250,000 for the PST to be eligible.
Call the Revenue Department. They are the specialists of the application of this law.
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