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DID YOU KNOW? If you are an individual who paid the HST to build a house, you are eligible to claim an Ontario new housing rebate if:
This rebate may be available even if the fair market value of your house is $450,000 or more. The maximum Ontario new housing rebate amounts for owner‑built houses depend on whether you paid the HST on your purchase of the land.
The Ontario new housing rebate is limited to a maximum of $24,000 if you paid the HST on the purchase of the land, and $16,080 if you did not.
Speak with a tax professional for more details or telephone CRA at 1-800-959-8287.