News release

Province to Administer First-time Home Buyers Rebate

Effective July 1, the province will take over the administration of the first-time home buyers rebate.

The rebate is a provincial program currently administered by the Canada Revenue Agency.

"We will continue to provide the same level of rebates to first-time home buyers," said Ramona Jennex, Minister of Service Nova Scotia and Municipal Relations. "This rebate is a fine example of government's commitment to help make life more affordable for Nova Scotia families."

This rebate is for first-time home buyers only, on the purchase price or construction costs of a new home to be used as a primary residence. It is equivalent to 18.75 per cent of the provincial portion of the HST to a maximum of $1,500.

The program eligibility and the maximum rebate amount remains the same as administered by the Canada Revenue Agency.

Applications and program details are available online at www.nsfirsthome.ca, or by calling 902-424-5200 in Halifax Regional Municipality or toll-free at 1-800-670-4357.

FOR BROADCAST USE:

Effective Thursday (July 1st), the province will take over the administration of the first-time home buyers rebate.

The rebate is an existing provincial program currently administered by the Canada Revenue Agency.

This rebate is for first-time home buyers only on the purchase price or construction costs of a new home to be used as a primary residence. It is equivalent to 18 point 7-5 per cent of the provincial portion of the H-S-T to a maximum of 15-hundred dollars.

Applications and program details are available online at W-W-W dot N-S first home dot C-A.

-30-

Media Contact:

Deborah Bayer
Service Nova Scotia and Municipal Relations 902-424-0112 Cell: 902-225-4982 E-mail: