TORONTO - Jan. 13, 2021 - The GST/HST new housing rebate is not available to those who buy or renovate a new rental property to be used as the primary place of residence by renters. However, these individuals may be eligible for the GST/HST new residential rental property rebate (NRRP).
The GST/HST NRRP rebate is available to landlords who, for residential rental purposes:
Had a builder construct or renovate the rental property;
Constructed or hired a builder to construct housing or an addition to the housing;
Substantially renovated, or had a builder renovate, housing;
Changed a non-residential property to housing; or
Issued an exempt lease or sublease to another individual.
The GST/HST NRRP rebate does not apply to you if:
You acquired a residential rental property in which the GST/HST was not payable on the purchase (e.g. the purchase of an apartment building currently housing tenants);
You build housing or an addition that do not constitute a taxable self-supply; or
You purchased or constructed a new house or significantly renovated your existing...
Read More: https://www.newhousingrebate.ca/new-residential-rental-pr...
How We Can Help
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Contact
New Housing Rebate
info@newhousingrebate.ca
