The Form GST495 Rebate Application for Provincial Part of Harmonized Sales Tax (HST) in Canada is used to claim a rebate for the provincial portion of the HST paid on certain purchases. It allows individuals or businesses to recover a portion of the HST they have paid.
The form GST495 rebate application for the provincial part of Harmonized Sales Tax (HST) in Canada is typically filed by the individual or business that paid the HST.
Q: What is the GST495 Rebate Application for Provincial Part of Harmonized Sales Tax (HST)?
A: The GST495 Rebate Application for Provincial Part of Harmonized Sales Tax (HST) is a form used in Canada to apply for a rebate on the provincial portion of the HST.
Q: Who is eligible to apply for the GST495 Rebate?
A: Individuals or businesses who are purchasing or leasing certain types of property or services in Canada and are not eligible for an input tax credit for the provincial portion of the HST can apply for the GST495 Rebate.
Q: How do I fill out the GST495 Rebate Application?
A: You need to provide your personal or business information, details of the purchase or lease, and supporting documentation such as invoices or receipts. The application form includes instructions on how to fill it out correctly.
Q: Is there a deadline to submit the GST495 Rebate Application?
A: Yes, the application must be filed within two years from the end of the reporting period in which the HST became payable.
Q: How long does it take to receive the rebate?
A: The processing time for the rebate application may vary, but the CRA aims to process them within 60 days of receiving a completed application.
Q: Can I appeal if my GST495 Rebate Application is denied?
A: Yes, if your application is denied, you have the right to appeal the decision by contacting the CRA and providing additional information or documentation to support your claim.