- What is the Transitional New Housing Rebate?
- How do I request a Letter of Good Standing from the Ministry of Finance?
- What information should be included with my request?
- Where do I send my request for processing?
- How long after I apply will it take to receive my Letter of Good Standing?
- What happens if one or more of my accounts with the Ministry of Finance are not compliant?
- How long is my Letter of Good Standing Valid?
- Where can I get more information about the Transitional New Housing Rebate?
What is the Transitional New Housing Rebate?
The Retail Sales Tax (RST) transitional new housing rebate provides relief in respect of the RST embedded in the construction costs of newly constructed or substantially renovated single homes, residential condominiums and apartment buildings that are completed in full or in part prior to July 1, 2010. For new homes that are subject to the provincial portion of the HST, an RST transitional new housing rebate will be available to provide relief in respect of this embedded RST.
How do I request a Letter of Good Standing from the Ministry of Finance?
Builders are required to submit a written request to the Ministry of Finance requesting a Letter of Good Standing for use in applying for the RST Transitional New Housing Rebate.
What information should be included with my request?
Your written request must include:
- 15-digit GST/HST Business Number if available
- Business Legal Name
- Trade Name, if applicable
- Name of Authorized Representative
- Contact Phone Number
- Fax Number, if available
- Mailing Address
- Statement requesting a Letter of Good Standing for use in the application process for the RST Transitional New Housing Rebate
- Signature of Authorized Representative
Where do I send my request for processing?
Fax requests to:
Contract Review Officer
Collections Branch
Ministry of Finance
Fax: 905 433-6760
Or
Mail request to:
Ministry of Finance
Collections Branch
Collections Support Operations
Attn: Contract Review Officer
55 Athol St E
1st Floor
Oshawa ON L1H 1J8
How long after I apply will it take to receive my Letter of Good Standing?
Providing your business is compliant with all Ministry of Finance accounts, you should receive you Letter of Good Standing within approximately 2-3 weeks.
What happens if one or more of my accounts with the Ministry of Finance are not compliant?
If one or more of your accounts with the Ministry of Finance are found to be non-compliant, you will receive notification by fax or mail that your request for a Letter of Good Standing has been denied. A number will be provided for you to contact the Ministry of Finance to obtain account details or make payment arrangements. Once all your Ministry of Finance account liabilities have been paid in full, you will be required to submit a new request for a Letter of Good Standing.
How long is my Letter of Good Standing Valid?
The Letter of Good Standing will remain valid for one year from the date it is issued, unless it is revoked by the Ministry of Finance. If your Letter of Good Standing is revoked, written notification will be sent to both you and the Canada Revenue Agency.
Where can I get more information about the Transitional New Housing Rebate?
For additional information regarding the Transitional New Housing Rebate, contact the Ontario Budget hotline at 1 800 337-7222 or 1 800 263-7776 for teletypewriter.
In addition, CRA recently posted the following forms for the Transitional New Housing Rebate:
- RC7000-ON Ontario Retail Sales Tax (RST) Transitional New Housing Rebate
- RC7001-ON Ontario Retail Sales Tax (RST) Transitional New Housing Rebate - Condominiums
- RC7002-ON Ontario Retail Sales Tax (RST) Transitional New Housing Rebate - Apartment Buildings
- RC7003-ON Ontario Retail Sales Tax (RST) Transitional New Housing Rebate for Certain Non-registrant
