AKS
Senior Member
From reading my Cityplace Agreement of Purchase and Sale section 31 (correct me if I'm wrong) states that I agree that the purchase price includes the GST and any rebates or material and forms to obtain rebates etc are to be turned over to the vendor. If I don't qualify for a rebate I would still have to pay the vendor the equivalent of this amount if I had qualified.
I bought in 2005 and my occupancy date is (I think firm) late Nov 2009. Does the AP&S clause mean the rate reduction goes to the vendor?
I'm not sure but its too early for you to worry about it. If you get it you get it. If you don't you don't. You should talk to your lawyer upon closing or ask your lawyer about the GST rebate. I bought mine in 2003 and the lawyer said I can claim the GST rebate after all closing papers are completed. I need to complete a form to send to the government.