Quote:
Originally Posted by Log
I wouldn't think there would be a limit.
After all this is just an adjustment on the final GST amount paid on the home.
Also there is a GST rebate available on the construction of new homes. This is only give if the builder doesn't advance you the rebate. My builder advanced us the rebate thus paying the net gst amount upfront.
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Yes, there is a limit.
From the link Troutman posted:
Quote:
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the fair market value of your house (including the building, land, and other structures such as a detached garage) is less than $450,000. It is the fair market value of the land plus the building when substantially completed, not the cost of construction, that must be used for this value;
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