HST Rebates Toronto
HST Rebate on a New Condo in Ontario
If you bought a newly built condo from a builder in Ontario, part of the HST in the price can come back as a rebate. How much, and how you receive it, depends on the price and on whether you live in the condo or rent it out.
One flat fee. No hidden charges.
What was the purchase price?
The price before HST. An estimate is fine.
Who qualifies
Buyers of a new or substantially renovated condo from a builder, when the condo is their primary residence or a relation’s.
Investors who buy a new condo to rent out long-term may qualify through a different rebate, the New Residential Rental Property Rebate.
How much the rebate is on a new condo
The Ontario part is 6% of the purchase price, up to $24,000, which it reaches at $400,000. Below $450,000 a federal part of up to $6,300 is added to it. At $450,000 and above the rebate is the Ontario part alone.
The two parts together are largest at $350,000: $27,300.
How you receive it
When you buy the condo to live in, the builder usually credits the rebate at closing.
When you buy it to rent out, the builder cannot credit it. You pay the full HST at closing and apply to recover the eligible amount afterward.
On an assignment purchase the builder generally will not credit the rebate, and it is filed with the CRA after closing.
If your plans change
If the rebate was credited at closing and the unit was then rented out instead of lived in, the CRA can reassess and ask for the rebate back with interest. The right rebate has to be claimed the right way.
The deadline
Many housing rebate applications have a two-year filing limit. The starting date depends on the type of application and on the transaction, so it is worth checking yours even if the closing was a while ago.
Rebate by purchase price
| Purchase price | Federal | Ontario | Total rebate |
|---|---|---|---|
| $400,000 | $3,150 | $24,000 | $27,150 |
| $450,000 | $0 | $24,000 | $24,000 |
| $500,000 | $0 | $24,000 | $24,000 |
| $600,000 | $0 | $24,000 | $24,000 |
| $800,000 | $0 | $24,000 | $24,000 |
| $1,000,000 | $0 | $24,000 | $24,000 |
Estimates of the standing rebate from the purchase price alone. Your amount depends on your agreement, its dates and how the property is used.
Common questions
- How much is the HST rebate on a new condo in Ontario?
- The Ontario part is 6% of the purchase price, up to $24,000, which it reaches at $400,000. Below $450,000 a federal part of up to $6,300 is added to it. At $450,000 and above the rebate is the Ontario part alone.
- How much is the HST rebate on a $700,000 new condo?
- About $24,000. Above $450,000 the federal part is $0, so the rebate is the Ontario part alone.
- Does the builder give me the HST rebate at closing?
- Usually, when you buy the condo to live in. When you buy it to rent out, the builder cannot credit it: you pay the full HST at closing and apply to recover the eligible amount afterward.
- I bought a new condo to rent out. Can I still claim?
- You may qualify for the New Residential Rental Property Rebate. It requires a first tenant on a lease of at least one year.
- Is there a deadline to apply for the rebate on a condo?
- Many housing rebate applications have a two-year filing limit. The starting date depends on the type of application and on the transaction, so it is worth checking yours even if the closing was a while ago.
Have HST Rebates Toronto check your rebate
Send your details and we will confirm whether you qualify and the amount for your purchase.
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Rebate amounts shown are estimates based on the standard Ontario new-housing rebate and are for general information only - not tax, legal, or accounting advice. Actual eligibility and amounts are determined by the Canada Revenue Agency and depend on your specific circumstances.