Excise Tax Act — E-15 256
Definitions 256 (1) In this section, relation of a particular individual means another individual who is related to the particular individual or who is a former spouse or common-law partner of the particular individual; ( proche ) single unit residential complex includes (a) a multiple unit residential complex that does not contain more than two residential units, and (b) any other multiple unit residential complex if it is described by paragraph (c) of the definition residential complex in subsection 123(1) and contains one or more residential units that are for supply as rooms in a hotel, motel, inn, boarding house, lodging house or similar premises and that would be excluded from being part of the residential complex if the complex were a residential complex not described by that paragraph. ( immeuble d’habitation à logement unique ) Rebate for owner-built homes (2) Where (a) a particular individual constructs or substantially renovates, or engages another person to construct or substantially renovate for the particular individual, a residential complex that is a single unit residential complex or a residential condominium unit for use as the primary place of residence of the particular individual or a relation of the particular individual, (b) the fair market value of the complex, at the time the construction or substantial renovation thereof is substantially completed, is less than $450,000, (c) the particular individual has paid tax in respect of the supply by way of sale to the individual of the land that forms part of the complex or an interest therein or in respect of the supply to, or importation by, the individual of any improvement thereto or, in the case of a mobile home or floating home, of the complex (the total of which tax under subsection 165(1) and sections 212 and 218 is referred to in this subsection as the “total tax paid by the particular individual”), (d) either (i) the first individual to occupy the complex after the construction or substantial renovation is begun is the particular individual or a relation of the particular individual, or (ii) the particular individual makes an exempt supply by way of sale of the complex and ownership of the complex is transferred to the recipient before the complex is occupied by any individual as a place of residence or lodging, the Minister shall, subject to subsection (3), pay a rebate to the particular individual equal to the amount determined by the formula A × ($450,000 - B)/$100,000 where A is the lesser of 36% of the total tax paid by the particular individual before an application for the rebate is filed with the Minister in accordance with subsection (3), and (i) if all or substantially all of that tax was paid at the rate of 5%, $6,300, (ii) if all or substantially all of that tax was paid at the rate of 6%, $7,560, and (iii) in any other case, the lesser of $8,750 and the amount determined by the formula (C × $2,520) + (D × $1,260) + $6,300 where C is the extent (expressed as a percentage) to which that tax was paid at the rate of 7%, and D is the extent (expressed as a percentage) to which that tax was paid at the rate of 6%, and B is the greater of $350,000 and the fair market value of the complex referred to in paragraph (b). (2.01) [Repealed, 2026, c. 2, s. 7] (2.02) [Repealed, 2026, c. 2, s. 7] (2.03) [Repealed, 2026, c. 2, s. 7] Additional owner-built home rebate — first-time home buyer (2.1) If (a) a particular individual is entitled to claim a rebate under subsection (2) in respect of a residential complex that is a single unit residential complex or a residential condominium unit or would be so entitled if the references in that subsection to “$450,000” were read as “$1,500,000”, (b) the construction or substantial renovation of the residential complex begins after March 19, 2025 and before 2031 and is substantially completed before 2036, and (c) the particular individual (i) is the individual for whom the residential complex is being constructed