- Canada Revenue Quebec announced enhancement of GST rebate for purpose-built rental housing
- Increase in GST new residential rental property rebate to 100%
- Elimination of rebate phase-out thresholds
- Application of GST rebate on construction of qualifying new multiple unit residential complexes
- Construction or conversion work must begin after Sept. 13, 2023, but before 2031
- Specific conditions for multiple unit residential complexes to qualify for GST rebate
- Requirement to file Form FP-524-V to claim the rebate
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
