HST Rebates Toronto
HST Rebate on a New Rental Property in Ontario (NRRP)
If you bought a newly built home or condo in Ontario to rent out, you paid the full HST at closing. You may be able to recover part of it through the New Residential Rental Property Rebate, known as the NRRP.
One flat fee. No hidden charges.
What was the purchase price?
The price before HST. An estimate is fine.
Who qualifies
Investors who buy a new or substantially renovated home or condo from a builder to rent out long-term.
The rebate requires a first tenant on a lease of at least one year.
How much the rebate is on a rental property
The amounts are the same as on a home you live in.
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.
Why you pay the HST first
Because you are not moving in, the builder cannot credit the rebate at closing. You pay the full HST up front and apply to recover the eligible amount afterward.
If the builder credited a rebate and the unit was rented out
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
- What is the NRRP rebate?
- The New Residential Rental Property Rebate returns part of the HST paid on a newly built or substantially renovated home or condo bought to rent out long-term.
- How much is the HST rebate on a rental property in Ontario?
- The amounts are the same as on a home you live in. 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 $600,000 rental condo?
- About $24,000. Above $450,000 the federal part is $0, so the rebate is the Ontario part alone.
- Why did I pay the full HST at closing?
- Because you are not moving in, the builder cannot credit the rebate at closing. You pay the HST up front and apply to recover the eligible amount afterward.
- Do I need a tenant to claim the rental property rebate?
- Yes. The rebate requires a first tenant on a lease of at least one year.
- Is there a deadline to apply for the rental property rebate?
- 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.