In Ontario, what is the maximum HST rebate available for new homes under the New Housing Rebate program?
Correct Answer
B) $24,000
The maximum HST rebate for new homes in Ontario is $24,000, which applies to homes priced up to $400,000. The rebate is reduced for homes between $400,000 and $500,000, and no rebate is available for homes over $500,000.
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