New

Report from the Uniform Law Conference of Canada

Domestic Rebates Processing

Responding to a request from the CBA Real Property Section, the Canada Revenue Agency (CRA) has revised it's process to accept electronically signed GST/HST New Housing Rebate Applications.

Form GST190A, GST/HST New Housing Rebate – Appendix A, is a new form from the CRA. The form is for electronic transfers of Form GST190, GST/HST New Housing Rebate Application for Houses Purchased from a Builder, (type 1A or 1B) between the legal representatives of homebuyers and builders.

A completed Form GST190A confirms that a Form GST190 has been signed and kept by a homebuyer’s legal representative. When the new form is used, the original signature requirement on Form GST190 does not have to be met. A completed Form GST190A has to be sent to the CRA, along with the related Form GST190.

A homebuyer still has to sign Form GST190 if it is filed without Form GST190A.

The new form GST190A will help streamline the closing process, and now permits a true paperless closing system. The Officers of the National Real Property Section are pleased to have facilitated this improvement.

Addendum, Solo and Small Firm Edition