A buyer who has owned homes before signs an agreement in 2025 to buy a new house from a builder for $480,000 before tax, to live in as her primary residence. Which new housing rebate can she claim?
Correct Answer
C) Only the Ontario new housing rebate, since the federal one ends at $450,000
CRA Guide RC4028 says the GST/HST new housing rebate for a house bought from a builder is not available if the purchase price is $450,000 or more. It also says that in Ontario the buyer may still claim the Ontario new housing rebate where the only reason the federal rebate is unavailable is that the price exceeds the threshold.
Why This Is the Correct Answer
At $480,000 she is over the $450,000 federal limit, but the Ontario rebate remains available because price is the only barrier to the federal one.
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In Ontario, a buyer wants to submit an offer on a property where their agent also represents the seller. What type of representation scenario is this?
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A seller signs acceptance of a buyer's offer, and the acceptance is communicated to the buyer at 2:00 p.m. At 3:00 p.m. the listing brokerage receives a higher offer. What is the legal status of the first agreement?