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Gst190 Ontario Rebate Schedule Form

Gst190 Ontario Rebate Schedule Form

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Instructions and help about Gst190 Ontario Rebate Schedule

hi my name is kevin rahulman i'm a realtor on the alberta on fire investor team we're going to talk about the gst rebate so when you buy a brand new property you actually can qualify for a rebate back from the government so you don't pay full gst this is an incentive provided by the government on rental properties so when you purchase something about 30 60 days after closing you'll get a gst rebate back and this is a floating scale number i think it's 36 of the five percent um and it's on a siding scale so only homes up to 470 000 will qualify for it so it's another great tool when buying something brand new where you can put that money in a slush fund reserve fund if you may and if there's anything that needs to be done to the property again it's a new property so there shouldn't be much over the you know next five to ten years but when something does come up you do have money there it's not coming

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