2019 NEW HOME GST REBATE CALCULATOR

BC NEW HOUSING GST REBATE CALCULATOR | GST TAX CALCULATOR 2019


Does Your Purchase Price Include GST Tax?



Are you a Canadian Resident or Foreign Entity?

Is it a newly built home?*. Are you a first time home buyer?.

CALCULATE

PROPERTY TRANSFER TAX

Property Transfer Tax (PTT):
$
Less PTT Exemptions:
$
20% Tax on Foreign Entities:
$

GOODS & SERVICES TAX

Price without GST:
$
GST:
$
GST rebate*:
$

TOTALS

GROSS TAXES:

$
NET TAXES:
$
TOTAL COST:
$

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FREQUENTLY ASKED QUESTIONS RE: GST REBATE CALCULATOR

What is the GST for new homes in BC?

The GST is a Federal tax of 5% on the purchase price of a new home or a substantially renovated home. New home buyers can apply for a rebate of up to a maximum of 36% of the tax if the purchase price is $350,000 or less. A partial GST rebate is available for new homes costing between $350,000 and $450,000.

Does GST apply to renovated homes?

GST applies to homes that are substantially renovated. Roughly speaking this is 90% of the interior of the home is renovated. Common methods for this include using #rooms or the square footage of walls/floors.

Are there any GST rebates or refunds for new homes in BC?

There are 2 types of GST rebates. 1) If you are the Purchaser/Owner and plan to use it as a primary residence then a GST New Housing Rebate may apply to you. 2) If you plan to Rent out the Home, then a GST New Residential Rental Property Rebate or “GST NRR Rebate” may apply.

What is the GST tax rate for new homes in 2019?

The GST tax rate for new housing in BC is 5% and some rebates may apply as mentioned above.

BC NEW HOUSING REBATE CALCULTOR AND GST CALCULATOR | MERYL.REALTOR

NOTE: NEW HOME GST REBATE CALCULATOR (PLEASE READ)

This G.S.T tax calculator and new home GST rebate calculator has been provided for entertainment purposes only. It should not be used as a substitute for professional advice from a lawyer or accountant.


Related Blogs on Taxes

Am I eligible for GST new housing rebate in BC?

You may be eligible for a new housing rebate for some of the GST/HST paid if you are an individual who:

  • purchased new housing or constructed or substantially renovated housing, which could include housing on leased land (if the lease is for at least 20 years or gives you the option to buy the land), for use as your (or your relation’s) primary place of residence
  • purchased shares in a co-operative housing (co-op) complex for the purpose of using a unit in the co-op for use as your (or your relation’s) primary place of residence
  • constructed or substantially renovated your own home, or hired someone else to construct or substantially renovate your home for use as your (or your relation’s) primary place of residence and the fair market value of the house when the construction is substantially completed is less than $450,000

Qualifying housing also includes mobile homes (including modular homes) and floating homes. For mobile and floating homes, you may have the option to treat your mobile or floating home as a purchased home or as an owner-built home when claiming your new housing rebate.


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This BC GST Rebate Calculator is provided for entertainment purposes only. Although we try to keep this updated, there may be new tax regulations and you should always seek the advice of a professional lawyer, accountant, or conveyancer for your specific tax calculations.
BC GST Calculator Version 1.0.2 updated Feb 2018

Top Government Rebates, Grants, Exemptions for Home Buyers and Sellers References and LINKS

BC Government Tax rebates for home buyers. BC GST Rebate Calculator
Canada Federal Government Tax rebates/exemptions for home buyers. Top exemptions included in BC GST Rebate Calculator
First Time Home Buyers’ Program for Property Transfer Tax PTT Newly Built Home Exemption for Property Transfer Tax PTT New Residential Rental Property Rebate GST New Housing Rebate GST First Time Home Buyers’ Tax Credit (Income Tax Credit)
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