No Federal Tax on New Rental Buildings?

Great news for builders! If you're constructing properties with four units or more, you can now claim back 100% of the GST you've paid. I break down the recently announced GST rebate on new builds by the Canadian Prime Minister.

I go through an example calculation, highlighting the substantial reduction in costs for builders with this new rebate. However, there's more to the story.

Dive in to understand the intricate details and eligibility criteria that might come into play.

Key Moments In This Episode
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00:00 - GST Rental Rebate Overview
01:59 - Tax Calculation for Rental Properties
03:46 - Building Costs & HST Insights
05:40 - 100% GST Claim for Multi-Unit Properties
07:46 - Rebates for New Residential Properties
09:43 - Eligibility for Enhanced GST Rebate
11:38 - Comparative Costs under New Legislation
13:32 - True Costs & Unanswered Questions

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Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
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