online information session<\/a> on the first-time home buyers\u2019 GST\/HST rebate on May 20 and take questions.<\/p>\n\u201cThese sessions\u202fare designed for\u202fprofessionals and organizations that support prospective home buyers, as well as for builders and developers.\u202fParticipants\u202fwill gain a clear understanding of the\u202frebate\u202fand be better equipped to share\u202faccurate\u202finformation with clients and communities. This session is intended for builders and developers seeking clarity on the First-Time Home Buyers\u2019 Rebate. We will review what a builder needs to know about the eligibility requirements and certain rules and restrictions for homes purchased from a builder. We will also review how builders may pay or credit the rebate to first-time home buyers, how they account for this when filing their GST\/HST return, and any liability to the builder if the rebate has been credited but the purchaser was not entitled to the rebate,\u201d the CRA website reads.<\/p>\n
The federal first-time homebuyers rebate returns up to $50,000 of the federal portion of HST paid on new or substantially renovated homes worth under $1.5 million purchased by first-time homebuyers. It took effect March 20. Ontario announced earlier this year it would rebate the full 13 percent HST on all (not just first-time) new and substantially renovated home purchases under $1 million.<\/p>\n
Register for the webinar<\/a><\/p>\n<\/div>\n
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The Canada Revenue Agency will host an