PST Information Update: March 2020

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This month the Ministry of Finance has issued a new PST Rebate for New Home Construction (PST-75)

 

Effective April 1, 2020, the Provincial Sales Tax (PST) Rebate for New Home Construction

provides a rebate of up to 42% of the PST paid on the purchase of a new, previously unoccupied
home (newly-constructed home), where the purchaser takes possession of the home after
March 31, 2020, and before April 1, 2023.


The rebate is available on newly-constructed homes with a total price of less than $450,000,
before taxes and excluding the value of the land and the price of any furniture, furnishings and
appliances, other than as outlined in Section E below. The amount of the rebate is reduced for
homes with a total price between $350,000 and $450,000, with no rebate available for
newly-constructed homes with a total price of $450,000 or more. See Section C for details on
how the rebate is calculated.


For more details; check out PST details on the Ministry of Finance website:

https://www.saskatchewan.ca/business/taxes-licensing-and-reporting/provincial-taxes-policies-and-bulletins/provincial-sales-tax

 


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