Here’s another tax-related post for near tax time: HST rebates on a new home. If you are buying a brand-new home, you are entitled to a rebate, but only in specific circumstances:
- You must intend to live in it as your primary home. It can’t be a cottage or other seasonal residence.
- If you are not going to live there, an immediate family member of yours (or of your spouse’s) must intend to live there. You can rent it to your brother and get the rebate, but you can’t rent it to a friend.
If you meet these requirements, you can save a significant amount in taxes.