Quote:
Originally Posted by onetwo_threefour
What you want to do is try and apply for the new housing rental rebate instead. But in order to do that you have to meet a number of conditions. At a minimum, I believe you have to show a one year lease of the property after you acquired ownership.
Here's the form:
http://www.cra-arc.gc.ca/E/pbg/gf/gst524/gst524-08e.pdf
But... I hate to break it to you...
From: http://www.cra-arc.gc.ca/E/pub/gp/rc4231/rc4231-08e.pdf
I believe yours would be a Type 6 Application, and I think that means you're hooped.
The standard new housing rebate (Form GST 190) is only applicable if you are using the property as a residence or a family member of yours is and that was the first use after purchasing the property. I frankly don't understand why the government made the distinction between the two, as it basically becomes an extra hiden investment tax. |
Just talked with my friend who applied for it. He said he used the form GST190.
http://www.cra-arc.gc.ca/E/pbg/gf/gst190/gst190-08e.pdf
It says "Generally you have 2 years from the date...." well might as well try to send it in. hehe