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Visit the Cornerstone Hamilton office to grab a coffee and gain insights about the Enhanced HST Rebate with Mark Weisleder, Senior Partner at RealEstateLawyers.ca LLP. This rebate is a valuable benefit for buyers of new homes and condominiums, but it can be confusing. Join us for an engaging session that will equip you to prepare your clients for any builder purchases until March 31, 2027.By the end of this session you will:
- Explore the history of the HST rebate and its ongoing principles.
- Learn eligibility requirements for buyers of new homes and condominiums, whether for primary residence or investment.
- Understand how the rebate is calculated based on purchase price.
- Discover if a buyer can cancel an agreement from three years ago to benefit from the Enhanced HST rebate.
- Understand why a builder might refuse recognition for the rebate at closing, requiring upfront payment.
- Know construction timelines for eligibility under the Enhanced HST rebate.
- Review the necessary math worksheet from the builder sales office for clear closing costs.
- Learn how land transfer tax is calculated for new builds.
- Understand the possibility of assigning a new build agreement before closing.
- Get details on what to provide for the Enhanced HST rebate application post-closing.
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