HST REBATE – what you’ll need

Posted by on Jan 28, 2012

After you’ve purchased your brand new home and you are the one claiming the HST rebate from Canada Revenue Agency, you are going to need some paper work.  I asked Bill Rutledge,  a Notary here in Nanaimo, to tell us what is needed.  According to him, this information is part of the “package” you get from your Notary or Lawyer when completing the transaction.

If the buyer is claiming the rebate from CRA they would have to submit:

  1. Buyer’s statement of adjustments
  2. HST Form 190E
  3. HST Form 254-V

Most likely the statement of adjustments will be given to you when you sign all the paperwork with the Notary/Lawyer while the other 2 items will be mailed to you  after completion of the transaction as part of your Notary/Lawyer’s final reporting. The reason for the difference in timing is that the 2nd two items have to be signed by the seller and the buyer’s Notary/Lawyer would receive them from the seller’s Notary/Lawyer when the money changed hands on completion date.

For more HST information regarding buying a new home, here is a Link to general CRA HST site: http://www.cra-arc.gc.ca/tx/bsnss/tpcs/gst-tps/cnstrctn/bldngsllnghms-eng.html  and a Link to information on the form HST 190E: http://www.cra-arc.gc.ca/E/pbg/gf/gst190/README.html .

William R. Rutledge, CGA, Notary is here in Nanaimo and can be reached by:

Public Telephone: 250-756-4900

Facsimile: 250-756-4920

Toll-free: 877-756-4900

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