New Residential Rental Property QST Rebate
VD-370.89-V

This form is for use by any cooperative housing corporation that has purchased a new residential rental complex, constructed or substantially renovated a residential rental complex, made an addition to a multiple-unit residential complex, or converted a complex into a residential rental complex. It is also for use by any lessor of land for residential purposes or of a site in a residential trailer park.

If you are a person that has purchased a new residential rental complex or has built or substantially renovated a residential rental complex, made an addition to a multiple-unit residential complex or converted a complex into a residential rental complex, you must complete form VD-370.67-V, New Residential Rental Property QST Rebate.

Three versions of form VD-370.89-V are available. Please use the version that applies to your situation.

• Use the 2012-01 version (GST rate of 5% and QST rate of 9.5%) if you are:
  • a cooperative housing corporation that built a residential complex, and the sale of the complex is deemed to have been made after December 31, 2011
  • a cooperative housing corporation that purchased a residential complex, and the written purchase agreement was entered into after December 31, 2011, and ownership and possession of the complex was transferred after that date
  • a landlord that leased land for residential purposes, or a site in a residential trailer park (or in an addition to a residential trailer park), and the sale of the land is deemed to have been made after December 31, 2011

• Use the 2011-11 version (GST rate of 5% and QST rate of 8.5%) if you are
  • a cooperative housing corporation that built a residential complex, and the sale of the complex is deemed to have been made between January 1 and December 31, 2011
  • a cooperative housing corporation that purchased a residential complex and
    •   the written purchase agreement was entered into after December 31, 2010,
    • ownership and possession of the property was transferred after December 31, 2010, and
    • at least one of the above-listed events took place before January 1, 2012;
  • a landlord that leased land for residential purposes, or a site in a residential trailer park (or in an addition to a residential trailer park), and the sale of the land is deemed to have been made between January 1 and December 31, 2011

• Use the 2011-09 version (GST rate of 5% and QST rate of 7.5%) if you are
  • a cooperative housing corporation that built a residential complex, and the sale of the complex is deemed to have been made before January 1, 2011
  • a cooperative housing corporation that purchased a residential complex, and the written purchase agreement was entered into before January 1, 2011, or ownership or possession of the complex was transferred before that date
  • a landlord that leased land for residential purposes, or a site in a residential trailer park (or in an addition to a residential trailer park), and the sale of the land is deemed to have been made before January 1, 2011

Note

Dynamic forms can be completed onscreen, which saves you time and makes the calculation process easier.

Supplementary documents

VD-370.67-V New Residential Rental Property QST Rebate