GST/QST Rebate for Residential Rental Property Owners – Individuals

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If you own a new or substantially renovated residential rental complex and you rent out residential units in it on a long-term basis, you may be entitled to a rebate (partial refund) of the GST and QST paid when the complex was:

  • purchased;
  • built; or
  • substantially renovated.

Eligibility

You purchased new or substantially renovated residential rental property

You may be entitled to a GST and QST rebate if all the following conditions are met:

  • You purchased the complex in a single transaction.
  • You paid the GST and QST when you purchased the complex.
  • At least one residential unit in the complex is rented on a long-term basis (at least 12 months) as a primary place of residence.
  • The fair market value (FMV) of each unit for which a rebate is being claimed is under $450,000 for GST purposes and under $225,000 for QST purposes.
Note
The federal portion of the HST paid on the purchase of new housing may entitle you to a rebate. For more information, refer to guide RC4231, GST/HST New Residential Rental Property Rebate, published by the Canada Revenue Agency.
You built residential rental property

You may be entitled to a GST and QST rebate if all the following conditions are met:

  • You owned the land before construction began.
  • You self-assessed and paid the taxes on the fair market value (FMV) of the complex.
  • At least one unit in the complex is rented on a long-term basis (at least 12 months) as a primary place of residence.
  • The fair market value (FMV) of each unit for which a rebate is being claimed is under $450,000 for GST purposes and under $225,000 for QST purposes.
You substantially renovated residential rental property

You may be entitled to a GST and QST rebate if all the following conditions are met:

  • You owned the complex before the renovation work began.
  • The renovation work is at least 90% completed.
  • You self-assessed and paid the taxes on the fair market value (FMV) of the complex.
  • At least one unit in the complex is rented on a long-term basis (at least 12 months) as a primary place of residence.
  • The fair market value (FMV) of each unit for which a rebate is being claimed is under $450,000 for GST purposes and under $225,000 for QST purposes.
Note
  • For purposes of the rebate, the FMV limit for a duplex applies to the total FMV of the two units.
  • You can use our estimator to determine the FMV of a residential complex or unit and estimate your rebate.

Maximum rebate

The rebate can reach up to 36% of the taxes paid on each qualifying residential unit, for a maximum GST rebate of $6,300 and a maximum QST rebate of $7,182.

The amount of the rebate is progressively reduced when the purchase price or FMV of the new residential unit is more than $350,000 for GST purposes and $200,000 for QST purposes.

There is no rebate once the purchase price or FMV reaches $450,000 for GST purposes or $225,000 for QST purposes.

Rebate application

You must apply for a rebate within two years of the end of the month the taxes were demeed to be paid.

GST

A single GST rebate application can be submitted for a single residential complex even if the complex is held in co-ownership. You must use form FP-524-V, New Residential Rental Property GST Rebate Application.

If there are more than two units in the complex, also file form FP-525-V, New Residential Rental Property GST Rebate Application Supplement – Multiple Units.

QST

For the QST, all the co-owners must file a separate rebate application based on their percentage of ownership. File form VD-370.67-V, New Residential Rental Property QST Rebate.

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