GI-088 CANCELLED Harmonized Sales Tax: Stated Price Net of GST/HST New Housing Rebates and the Ontario RST Transitional New Housing Rebate

This info sheet explains how to determine the consideration payable for new housing in Ontario where a builder's price includes the HST at 13% and is net of the GST/HST new housing rebate in respect of the federal part of the HST, if applicable, and the Ontario new housing rebate in respect of the provincial part of the HST credited by the builder to the purchaser, and the Ontario retail sales tax (RST) transitional new housing rebate that a purchaser assigned to the builder.