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GST191 BRITISH COLUMBIA REBATE SCHEDULE Use this schedule to calculate the amount of your British Columbia new housing rebate for some of the provincial part of the harmonized sales tax (HST) if you.

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How to fill out the Rc7191 online

The Rc7191 form is essential for calculating the British Columbia new housing rebate for eligible individuals. This guide will provide comprehensive instructions on how to complete this form online effectively.

Follow the steps to fill out the Rc7191 online.

  1. Press the ‘Get Form’ button to access the Rc7191 form and open it in the online editor.
  2. In Section A, provide the address information for the new house, including the apartment number (if any), street number, street name, city, province, and postal code.
  3. Answer the question regarding whether you paid the HST on the purchase of the land by selecting 'Yes' or 'No'.
  4. Move to Section B and begin the rebate calculation by entering the fair market value of the house at the time of substantial completion in the appropriate field.
  5. Input the amounts from Box 4 to Box 8 from Form GST191-WS as instructed, ensuring to perform the necessary multiplications and divisions accurately.
  6. Add the results from calculated amounts in Section B to determine the total rebate amount. If applicable, follow the specific calculations based on whether HST was paid on land.
  7. Complete all required sections of the form, ensuring accuracy before submission.
  8. Once you have filled out the form, save your changes and then download or print the completed document for your records.

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You are generally eligible for the GST/HST credit if you are considered a Canadian resident for income tax purposes the month before and at the beginning of the month in which the Canada Revenue Agency makes a payment.

The credit is available for the 2021 and 2022 tax years and is worth 25% of up to $10,000 in eligible expenses per year for a senior's principal residence in Ontario. Expenses must be paid or payable in 2021 and 2022.

Ontario New Housing Rebate The amount of rebate you can receive for the GST Portion is 36% of the GST tax amount up to a maximum of $6,300. The amount of rebate you can receive for the PST Portion is 75% of the PST tax amount up to a maximum of $24,000 if you paid HST on the land the property is on, and $16,080 if not.

How to claim the GST/HST rebate. To claim your rebate, use Form GST189, General Application for GST/HST Rebate. You can only use one reason code per rebate application. If you are eligible to claim a rebate under more than one code, use a separate rebate application for each reason code.

Depending on the efficiency of your new home, you could receive up to $5,000 in rebates. You will be eligible for two tiers of rebates depending on the efficiency standard you achieve. You may pursue certification through ENERGY STAR® or R2000, or alternatively, have your home rated through the EnerGuide Rating System.

Do you qualify for the rebate? As an employee, you may qualify for a GST/HST rebate if all of the following conditions apply: you paid GST or HST on certain employment-related expenses and deducted those expenses on your income tax and benefit return. your employer is a GST/HST registrant.

To receive the GST/HST credit you have to be a resident of Canada for tax purposes, and at least 1 of the following applies, you: Are 19 years of age or older; Have (or previously had) a spouse or common-law partner; or. Are (or previously were) a parent and live (or previously lived) with your child.

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