Question to Accountants: "special" GST case

[Demurrage]

I purchased a brand new property in 2006. The initial puchase agreement, signed in April (i.e. before the 1% GST introduced in July), included 7% GST. As a first time home buyer, I was eligible for a 36% instant GST rebate on 7% i.e. a total GST to pay = 4.48%. The construction was delayed, so the deal was actually finalized in October (i.e. after the 1% GST cut). My realtor couldn't change the initial agreement with the seller to reduce the GST amount accordingly, so I ended up paying 4.48% instead of 6%-(6%x36%)=3.84%.
In this regard, how to properly to claim the GST rebate difference i.e. 4.48%-3.84%=0.64% in this year tax return?

[aleks97]

I purchased a brand new property in 2006. The initial puchase agreement, signed in April (i.e. before the 1% GST introduced in July), included 7% GST. As a first time home buyer, I was eligible for a 36% instant GST rebate on 7% i.e. a total GST to pay = 4.48%. The construction was delayed, so the deal was actually finalized in October (i.e. after the 1% GST cut). My realtor couldn't change the initial agreement with the seller to reduce the GST amount accordingly, so I ended up paying 4.48% instead of 6%-(6%x36%)=3.84%.
In this regard, how to properly to claim the GST rebate difference i.e. 4.48%-3.84%=0.64% in this year tax return?

а по-русски написать?

никак низаклемишь этот дифференс - ГСТ заплачен\должен был быть заплачен в апреле по ставке 7%, ребейт тогда же в сумме 36% получили.. все, какие еще рибейты?

Ссылки:
http://www.gst.gc.ca/home_e.html
http://www.cra-arc.gc.ca/agency/budget/ ... l#P79_4116

[Demurrage]

I purchased a brand new property in 2006. The initial puchase agreement, signed in April (i.e. before the 1% GST introduced in July), included 7% GST. As a first time home buyer, I was eligible for a 36% instant GST rebate on 7% i.e. a total GST to pay = 4.48%. The construction was delayed, so the deal was actually finalized in October (i.e. after the 1% GST cut). My realtor couldn't change the initial agreement with the seller to reduce the GST amount accordingly, so I ended up paying 4.48% instead of 6%-(6%x36%)=3.84%.
In this regard, how to properly to claim the GST rebate difference i.e. 4.48%-3.84%=0.64% in this year tax return?

а по-русски написать?

I don't have a russian keyboard at work and don't like using latinic either.

никак низаклемишь этот дифференс - ГСТ заплачен\должен был быть заплачен в апреле по ставке 7%, ребейт тогда же в сумме 36% получили.. все, какие еще рибейты?

Ссылки:
http://www.gst.gc.ca/home_e.html
http://www.cra-arc.gc.ca/agency/budget/ ... l#P79_4116

Sorry, used a wrong term: it's not a GST "rebate", but GST "exempt"

[Demurrage]

http://www.cra-arc.gc.ca/agency/budget/ ... l#P79_4116

Thanks for the doc.
Apparently, according to it, 6% should have used all along instead of 7%, therefore the rebate claim is legit:

"1. Does the new rate of tax (GST at 6% or HST at 14%) apply to real property purchased before July 1, 2006?

The new rate of tax (GST at 6% or HST at 14%) applies to a taxable purchase of real property where both ownership and possession are transferred on or after July 1, 2006. There is an exception to this general rule for the purchase of a new or substantially renovated residential complex. If either ownership or possession of the real property is transferred before July 1, 2006, GST at 7% or HST at 15% will apply."