Posted in Nova Scotia Canada on November 24, 2017 – 05:05 am
Nova Scotia's First-Time Home Buyers Rebate is a rebate equivalent to 18.75 per cent of the provincial portion of the HST or 1.31 per cent of the purchase price of capital stock in a housing cooperative, up to $3, 000, on newly built homes.
This program is for newly constructed homes only and does not include renovations or conversions from rentals to condominiums.
Do I qualify for the rebate?
You will qualify for the rebate if:
the newly constructed home will be used as your primary residence; and
the individuals that will occupy the newly constructed home:
have not owned and occupied a home in Canada in the last five years; or
the home they owned and were occupying at the time was involuntarily destroyed within the last five years
What homes qualify for the rebate?
homes built on land you owned before construction started
homes built on land owned by the builder
condominium units
manufactured homes installed on leased land
the purchase of a share in a Cooperative Housing Corporation
What is the application deadline for the rebate?
You have 24 months from the date of sale noted on your deed transfer documents, if you purchased your home.
You have 24 months from the bill of sale date if you purchased a manufactured home installed on leased land or a share in a cooperative housing corporation.