Canada Revenue Quebec Announces Enhancement of GST Rebate for Purpose-Built Rental Housing

The Canadian Revenue Quebec May 13 announced the enhancement of the GST rebate for purpose-built rental housing. The announcement includes: 1) an increase in the GST new residential rental property rebate to 100 percent of the GST that was paid or is payable on specified constructions; 2) the elimination of the rebate phase-out thresholds; 3) an application of the GST rebate on the construction of qualifying new multiple unit residential complexes or the conversion of nonresidential properties into qualifying new multiple unit residential complexes; 4) that for the purposes of obtaining the GST rebate, construction or conversion work must have ...