On April 19, 2021, Deputy Prime Minister and Minister of
Finance, Chrystia Freeland, tabled the Federal Budget 2021: A Recovery Plan for Jobs,
Growth, and Resilience. Crowe MacKay's tax experts
highlight key areas within the budget that may affect you and your
business.
Personal Measures
GST New Housing Rebates
There is a change in respect of GST New Housing Rebates when a
property is sold to two or more individuals. Previously, all
individuals purchasing the household needed to satisfy the
condition that the property was acquired as a primary place of
residence for the individual or a primary place of residence for a
relation of the individual. Budget 2021 proposes that only one
individual purchasing the property needs to meet the condition of
the property being a primary place of residence for the individual
or a relation of that individual.
