HST: How Much HST On New Principal Home $450,000?

At $450,000 and above, Federal HST Rebate = 0.

So, for $450,000 new home:

Federal HST Rebate = 0


New Home Price:                                                                         $450,000

12% HST on new home $450,000                          $54,000

Rebate: Provincial:      5% of home $450,000=  $22,500
             : Federal:         at $450,000, zero out  =         0
Total Rebate:                                                        $22,500

Net HST on New Principal Hm $450,000  ($54,000 - $22,500)        $31,500
New Home Price + Net HST                                                        $481,500