Purchased a brand new condo?
If you’ve purchased a new home or condo, and you plan to live in it as your principal residence, your builder will typically claim the HST Rebate on your behalf and deduct up to $30,000 from your purchase price.
Purchased a new condo that you’re renting out?
If you’ve purchased a new condo that you plan to rent out, upon closing you’ll have to spend thousands of extra dollars, sometimes as much as $30,000. The good news is, HST Rebate Canada will help you get that money back through the government’s Condo HST Rental Rebate program.
What we’ll need for your application:
- Copy of your 1 year lease agreement
- Copy of your agreement of purchase and sale
- Copy of your closing statement of adjustments
Program is 2-Years Retroactive
The Condo HST Rental Rebate program allows applications to be up to 2 years retroactive from the date of final closing. If your condo purchase closed in the past 2 years and you rented out your property, you can be eligible for this program!