[Verse 1] Sarah's selling brand new condos downtown today Commercial property, thirteen percent comes into play But if it's residential, only five percent's the fee Unless you qualify for rebates, then the math gets free [Chorus] R-E-A-L estate taxation Sales and rentals, know your nation New housing rebate calculation Thirty-six percent salvation When the purchase price is right Keep those thresholds burning bright [Verse 2] Tommy rents his office building, monthly payments roll Input credits flowing backward, making ledgers whole But residential rental units, that's a different game Zero-rated like groceries, GST's not the same [Chorus] R-E-A-L estate taxation Sales and rentals, know your nation New housing rebate calculation Thirty-six percent salvation When the purchase price is right Keep those thresholds burning bright [Bridge] Four-fifty threshold for the federal side Six-thirty-one provincial can't hide Self-supply rules when you occupy Builder or buyer, the tax will apply [Verse 3] Capital additions trigger brand new GST Renovations over fifty percent, complexity Commercial lease assignments, taxable events unfold While bare land subdivisions, different stories told [Chorus] R-E-A-L estate taxation Sales and rentals, know your nation New housing rebate calculation Thirty-six percent salvation When the purchase price is right Keep those thresholds burning bright [Outro] File your rebate within two years Input credits dry your tears Real property's intricate dance Master these rules, advance your chance
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