Residential Unit Qualifying for a Rebate

A qualifying residential unit is a residential unit in a residential complex that gives entitlement to a rebate for new residential rental property.

In order for a unit to give entitlement to the rebate, all the following conditions must be met:

  • The unit is a self-contained residence.
  • You hold the unit for one of the following purposes:
    • to make an exempt lease or sublease of the unit;
    • to sell the unit and make an exempt lease of the land;
    • to live in the unit as your principal residence (provided you make an exempt lease of another unit in the residential complex to another person).
  • The first use of the unit is or can reasonably be considered to be one of the following:
    • your primary place of residence, or the residence of a person related to you, for at least a year (or a shorter period in certain situations);
    • an individual's primary place of residence for at least a year (or a shorter period in certain situations).
  • After the first use, you indend to occupy the unit or lease it to an individual who is related to you, or lease it as a primary place of residence to a shareholder, member or partner, or to a person related to the shareholder, member or partner.
Note

If the residential complex contains at least 10 residential units and substantially all (90% or more) of the units are qualifying residential units, all the units are considered to be qualifying residential units.

For more information, see form FP-524-V, New Residential Rental Property GST Rebate Application, and the version of form VD-370.67-V, New Residential Rental Property QST Rebate, that corresponds to your situation.

Fair. For all.

One vision. Concrete actions.

Read all about how we work to support and inform you. Our vision and values guide us as we carry out our role.

Veuillez patienter