Purchaser's GST Warranty and Indemnity | Canada

Assign a GST rebate on a new home purchase to the builder with this free Assignment Form for Canadian real estate properties.

• The assignment is made under Section 254 or Section 266 of the Excise Tax Act.
• This form is used when a purchaser of a new home assigns their GST rebate to the builder.
• Downloadable and easy to use.
• Available in MS Word format.
• Only for use in Canada.

Use this easy template to prepare a GST Declaration and Acknowledgement for a real estate transaction in Canada.

• The Declaration would be provided by the purchaser to the vendor.
• The purchaser declares:
  • that Goods and Services Tax is payable on the real estate purchase, and
  • that the purchaser will remit the tax following the closing of the transaction.
• This form is a free MS Word template.
• Intended for use only in Canada.

Overview

This downloadable template is specifically designed to facilitate the provision of a GST/HST Warranty and Indemnity from the vendor in real estate or bulk goods transactions within Canada. The template ensures that all necessary legal assurances regarding tax registration and indemnification are covered during these transactions.

Vendor’s Warranty

The vendor, also referred to as the seller, provides a warranty affirming that they are registered for GST (Goods and Services Tax) or HST (Harmonized Sales Tax), as required under Canadian tax laws. This declaration is crucial for maintaining compliance with federal and provincial tax regulations.

Indemnity Provision

In addition to the warranty of tax registration, the vendor agrees to indemnify the purchaser. This indemnification protects the purchaser from any liability that may arise in relation to the collection and remittance of GST and/or HST, in the Province of Ontario. The protection offered by the indemnity is effective up to the closing date of the purchase and sale transaction.

Applicability

This template is suitable for use in transactions occurring anywhere in Canada. It provides a standardized approach to handling GST/HST warranty and indemnity matters for both real estate and bulk goods purchases.

Form Features

The template is presented as a printable, blank legal form. It is designed for ease of use, allowing parties to quickly and efficiently document the required warranty and indemnity provisions for their transaction.