New Residential Rental Property Rebate
New Residential Rental Property Rebate
Claiming Canada’s New Residential Rental Property is a great benefit you do not want to pass on. To find out how much rebate you could potentially receive on your property purchase, refer to the calculator provided below. You might be eligible for up to $24,000 in GST/HST rebate, wouldn’t you take it?
Property owners who purchased a newly developed home or condominium are eligible to receive up to $24,000 in GST/HST rebate. To be eligible for this GST/HST rebate there are a few criteria the purchaser and property have to comply with. Check out our calculator to find out how much you can receive and contact us to get your refund going.
GST/HST REBATE CALCULATOR
Price
HST Rebate Calculation
To claim this rebate, please enter your email and we will get back to you shortly.
What do you need to know?
HST with rebate:
- The GST/HST amount had to be paid in full by the purchaser on your property registration date.
- The property is rented for 12 consecutive months during the 24 months from registration.
- Not more than 24 months passed since the property was registered.
The rebate amount will vary based on the purchase price, where the critical threshold is $450,000 net of HST.
CRA monitors the property value on the day of registration and in the event the value of the property appreciates higher than the original purchase price, the rebate amount will be reduced accordingly. Our accounting staff will require to following to start filing your rebate:
- Copy of the 1st page of your agreement of purchase and sale.
- Copy of your lease agreement.
- Copy of your final statement of adjustment provided to you by your lawyer on final closing.
- Copy of your Transfer/Deed document.
Contact us today at care@dashpm.ca or 416-222-6175 ext. 2026 to start your rebate amount quickly.
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