Government of Nova Scotiagov.ns.ca
gov.ns.caGovernment of Nova Scotia Nova Scotia, Canada
 
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Who is a first time home buyer?

A first time home buyer is an individual(s) who purchases or builds a newly constructed home and has not owned and occupied a home in Canada in the last five years and where applicable, a relation* or any co-owner occupying the new home has not owned and occupied a home in Canada during this period. If the an individual or a relation experienced the destruction of the home they owned and occupied within the last five years, they may also qualify as a first time home buyer.

*A relation means an individual related to you by blood, marriage, **common law relationship or adoption.

**A common law relationship means a relationship between two individuals who have been cohabitating together in a conjugal relationship for a period of at least one year or a relationship that is registered as a domestic partnership under the Vital Statistics Act.

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How do I know if I qualify for the rebate?

You will qualify for the rebate if:

  • the newly constructed home will be used as your primary residence; or
  •  the newly constructed home will be used as the primary residence of a relation*; and
  •  the home owners and relations that will occupy the newly constructed home all qualify as a first time home buyer.

If a new home has more than one owner, only one owner may apply for the rebate. The other owners are also considered to have received the rebate for the home under this program. Only one rebate per home.

*A relation means an individual related to you by blood, marriage, **common law relationship or adoption.

**A common law relationship means a relationship between two individuals who have been cohabitating together in a conjugal relationship for a period of at least one year or a relationship that is registered as a domestic partnership under the Vital Statistics Act.

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The newly constructed home is the primary residence of a relation. Can I still qualify for the rebate?

If the newly constructed home is to be used as the primary residence of a relation*, the relation who will be occupying the new home would have to qualify as a first time home buyer if they were purchasing the home.

*A relation means an individual related to you by blood, marriage, **common law relationship or adoption.

**A common law relationship means a relationship between two individuals who have been cohabitating together in a conjugal relationship for a period of at least one year or a relationship that is registered as a domestic partnership under the Vital Statistics Act.

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Do I still qualify for the rebate if one of the other co-owners is a business, but the home is for me and I am paying for it personally?

No, all co-owners must be individuals.

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What homes are eligible for the rebate?

  • a home built on land you owned before construction started
  • a home purchased with land from the builder
  • a condominium unit
  • a manufactured home installed on leased land
  • the purchase of a share in a Cooperative Housing Corporation
To qualify for the rebate, the individual(s) that will be occupying the new home must be the first to ever occupy the home.

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What are qualifying construction costs?

Qualifying construction costs are land, services and construction materials purchased for the construction of a new home on which tax has been paid.

Qualifying construction costs include costs incurred for landscaping, driveway construction, drilling of a well and septic system installation.

When installing a manufactured home on land you own, any of these costs not included in the purchase price of the manufactured home on which tax has been paid may also qualify for the rebate.

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How do I apply?

Applications must be submitted to SNSMR. See Applying for the Rebate

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What do you mean by primary residence?

Primary place of residence means a house, owned jointly or otherwise, that is intended to be inhabited by an individual on a permanent basis.

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I have more than one residence, how do I determine which residence is my primary residence?

For purposes of the First-Time Home Buyers Rebate, a person who has more than one place of residence should consider some of the following factors as to whether the new residence may qualify as the primary place of residence:

  • whether the individual considers the house as his or her main residence;
  • the length of time the premises are inhabited; and
  • the designation of that address on personal and public records. (For example what address will be on your health card, income tax forms.)
This means that you cannot claim a rebate for an investment property or a recreational cottage that is not your primary place of residence.

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If I add a new addition to or gut and rebuild an existing home, do I qualify for the rebate?

No. The rebate is limited to new home construction.

Construction activity to substantially renovate an existing home, make a major addition or convert a building to a residence does not qualify.

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How much is the rebate?

The rebate is equivalent to 18.75 per cent of the provincial portion of the HST for the purchase or construction of a new home or 1.31 percent of the purchase price of capital stock in a cooperative housing corporation, up to a maximum of $1,500 or $3,000 depending upon circumstances. See Maximum Rebate Increase –Does this apply to me?

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Will I still be able to assign the rebate to my builder?

No, you may not assign the rebate to the builder.

 

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What about tax rates?

You will need to contact the CRA for this. The toll-free number is 1-800-959-5525.

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