2805, 2020

GST/HST New Housing Rebates – Intention is Critical

GST/HST New Housing Rebates have been subject to audit by the Canada Revenue Agency (“CRA”) consistently for the past few years. If you are buying new construction in the GTA or signed an Agreement of Purchase and Sale within the last few years and have the final closing date coming up, the chances of getting audited are fairly good. If you sold the property shortly after getting title, the chances of getting audited are even greater. The most crucial component of the rebate is intention at the time of signing the Agreement of Purchase and Sale. If you get audited it is important to get proper [...]