Cpa Kaival PatelDirector, Profuture Tax Academy · Helping Small Business, CPA & Bookkeepers to Grow

Get 24000 from CRA for your new Home! #newhouse #crarefund #hstrebate

Name: Get 24000 from CRA for your new Home! #newhouse #crarefund #hstrebate
Uploaded: 2025-10-22T12:34:16+00:00
Duration: 56 s
Channel: Cpa Kaival Patel
Description: The video explains Canada’s GST/HST New Housing Rebate, which can return up to $24,000 to homebuyers when they purchase a house. To qualify, the buyer…

22 Oct 2025 · 1 min

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The video explains Canada’s GST/HST New Housing Rebate, which can return up to $24,000 to homebuyers when they purchase a house. To qualify, the buyer must intend to make the property their primary residence. The presenter recounts a real case where a buyer purchased a home, claimed the rebate, and had it denied because he sold the house within a year, which CRA treated as a flip. The buyer sued, arguing his intention was to live there despite life changes that forced a quick sale. The court accepted his intent, ruled in his favor, and he received the $24,000. The key takeaway is that when CRA denies a rebate, the buyer’s personal story and demonstrated intent can be decisive, so one should not panic and may consider contesting the decision.

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Can you get $24,000 from CRA for your house? Most people don't know this, and CRA rarely tells you guys. It's called GST/HST New Housing Rebate, and whenever you buy a house in Canada, you can get up to $24,000 back from CRA. Sounds simple, right? No, there is a challenge to it. That's what exactly happened to this guy in the Gulf. He bought the house, claimed the rebate, and CRA rejected it. Why? Because the rule is you need to make that home your primary home to get $24,000 back. And the challenge was this guy sold the house within the 1 year. So CRA considered it as a flipping of the house and rejected the claim of $24,000. Surprisingly, this guy took the CRA to the court. Life change, new job, family issues, he had to move out. And judges believed him. What matters is the intention to live, not the how much time you live there. CRA lost and this guy got $24,000 from the CRA. So if CRA says no to your home rebate, don't panic. Sometimes your story matters more than the forms.