Your Residential Rental Property Underwent Substantial Renovation

For you to be entitled to a rebate (partial refund) of the GST and QST paid with respect to the substantial renovation of residential rental property, all the following conditions must be met:

  • You owned the land before the renovation work to the residential rental property was substantially completed.
  • You paid the taxes on the fair market value (FMV) of the property by self-assessment.
  • The residential rental property contains at least one qualifying residential unit.
  • The FMV of the qualifying residential unit is not more than
    • $450,000 for GST purposes; and
    • $225,000 for QST purposes.

Note that in the case of a duplex, the FMV limit applies to the total of the two units.

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