What is the maximum standard federal GST/HST new housing rebate (not the first-time home buyers' rebate) on an eligible new home?
Correct Answer
B) $6,300
CRA Guide RC4028 sets the standard GST/HST new housing rebate at 36% of the GST or federal part of the HST, up to a maximum of $6,300. The $24,000 figure is the Ontario rebate cap, and $50,000 is the first-time home buyers' rebate cap.
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