New Rental Property HST Rebate Information

Have a New Rental Property in Ontario? Don’t Miss Out On Your HST Rebate!

Bought a property to rent out? You could get a portion of the harmonized sales tax (HST) you paid back! The rebate can come from both the federal (GST) and Ontario portions (PST).

The New Residential Rental Property Rebate (NRRP rebate) can be tricky. Let our professional team guide you. We deal with all the forms and CRA discussions. If you’re unsure about your eligibility, we’ll explain how it works. We’ll help with your NRRP Rebate application.

Are You Eligible for the HST Rebate on Your Rental Property?

To qualify for the rebate:

You bought a new property to rent out in the last two years and paid GST/HST on the price.
You’ve agreed to rent it out for at least a year.
Neither you nor any family lived there before your tenants.

Remember, the rebate application needs to be accurate. The Canada Revenue Agency typically pays the rebate in 8-12 weeks.

If you have multiple units in a building, the process gets more detailed. You have two years from when you buy to apply for the NRRP Rebate. We take care of everything.

CALCULATE NOW

How much money will I get in my HST refund

How Much Could You Get Back?

Though we can’t promise a specific amount, you might get up to $30,000 back!

Generally, the rebate arrives within a few months. To get a clearer idea, try our New Rental Property HST Rebate Calculator below.

You’ll need to input details like where your property is, its price, and its value when you bought it. The calculator can also estimate the rebate you can get! Try it today.

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HST Rebate Calculator

Curious to know what your rebate will be? Once you complete the calculator you will get your rebate amount, it will also be emailed to you. We will follow up with you to let you know how to proceed with your refund.

Document

Owner Built Homes and Substantial Renovations GST/HST Rebate Calculator

Province where the property is located:

Rebate Type:

Rental Condo/Home

Assignment Purchase of Condo/Home

Custom Home/Major renovation

Total purchase price of the house:

$

Fair Market Value (FMV) of Home on Completion:

$

Your Approximate Rebate is: $0

Let us help you get that money back! There is no upfront cost, just fill out the fields below. SUBMIT TODAY AND GET YOUR REBATE ON:

Get Your HST Rebate In Three Simple Steps!

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Use the Free HST Rebate Calculator

It starts with using our HST Rebate Calculator. This will quickly calculate your HST rebate amount and how quick we can get you payment.

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Submit your Documents

Skip the complicated paperwork. Our team will handle and submit all the necessary documents for you for quick rebate processing.

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Deposit Your Check

That's It! Once the application is complete, expect a cheque in your mailbox!

Harness Your Investment’s Full Potential with by claiminig your HST Rebate

Securing Your Investment with the New Residential Rental Property Rebate (NRRPR)

Embarking on a journey of property investment in Ontario? It’s time to explore the benefits of the New Residential Rental Property Rebate (NRRPR). When you invest in a new home or condominium to rent out, you might initially face a considerable financial burden due to the upfront HST payment. But don’t fret – our HST Rebate Calculator is here to guide you towards substantial savings. By swiftly applying for the HST rental rebate as soon as your property deal is sealed, you can alleviate some of that financial strain that comes with property investment. Also to note, there is a difference between a New Home HST rebate and HST rebate for major home renovations, so it’s important you are looking at the correct information.

Leveraging the Ontario NRRP Rebate: A Golden Opportunity

As a proactive investor, adapting strategies that maximize your returns is vital. When it comes to purchasing a property primarily for rental income, the scenario differs significantly compared to buying a home for personal use. Unfortunately, this means handling the HST rebate application yourself, but this is where our expertise comes into play. Let us simplify the complex process for you, ensuring a timely and precise application that could save you a substantial sum.

Strategize Your Investment with the HST Rebate for Rental Properties

To ace the real estate game, understanding the nuances of capitalization rate or “cap rate” is essential. While the initial inclusion of HST might seemingly diminish your investment property’s cap rate, remember to incorporate your prospective new rental housing rebate into your calculations. Utilize our HST Rebate Calculator to get a clear picture of how this rebate can elevate your property’s cap rate, making it a highly lucrative investment.

Unlock the Benefits of Rental Property Rebate with Smart Strategies

Thinking of innovative ways to optimize your investment? Use your HST rental property rebate to significantly reduce your mortgage principal amount. By selecting a mortgage plan with flexible prepayment options, you can swiftly apply your rebate to the mortgage principal, thereby enhancing your property’s cap rate and negating the need for a larger mortgage qualification.

Maximizing Your Investment with Credit Card Strategies

Pioneering investors have also explored the avenue of utilizing credit cards to fund a larger down payment, thereby reducing the mortgage amount. This strategy serves as a short-term bridge loan, helping you manage your finances until the NRRPR is credited. Trust our HST Rebate Calculator to navigate through this strategy efficiently, saving you both time and money.

Guidance for Rental Property Flippers

For those eyeing a quick turnover on their investment property, it’s essential to note that selling the property within a year mandates a repayment of the provincial HST rebate. Our consultants are here to guide you through the nuances of this process, helping you make an informed decision.

Your Partner in Building or Renovating an Investment Property

Embarking on a substantial renovation or building a rental property from scratch? You’re on the right track to claiming the NRRP rebate once your tenant occupies the space. Navigate the intricacies of the HST calculations and rebate applications with ease, under the guidance of our Ontario tax consultants.

Discover Your Eligibility for a Lucrative NRRP Rebate Now!

Purchased a new rental property? It’s time to unlock the full potential of your investment. Contact our expert tax consultants in Ontario now to discover the substantial NRRP Rebate you are entitled to receive. Don’t forget to use our intuitive HST Rebate Calculator to streamline your journey to a profitable property investment.