New house GST Transition Rebate

[handy man]

I am trying to understand how it works. Please correct me if I am wrong.
1. You are qualified if:
- Purchased a new house before Oct 31, 2007 and closed after Jan. 1 2008

2. How much do you expect:
- You need to get 2 numbers from your Statement of Adjustment: the GST you paid (x) and the New house GST rebate to builder(y)
- The formula to calculate the rebate you can get: (x - y)/6

For Example: if the builder list price is $400,000, x should be around $23,000 and Y should be around $5000, then you may expect: (23000-5000) / 6 = $3000 rebate to your pocket.

 

[ChrisHuang]

Your lawyer should have a form for that purpose. It is not as simple as you describe here. You should fill in the form step by step. Mail it out together with your supporting materials as required . Your rebate should be sent to you from 4-6 weeks.

 

[colonel]

有一点很关键，就是那个price是不是已经把应给你的rebate减去了，有的builder是这样的。