GST/HST Rebate Guide for Real Estate Purchases in Ontario ($24,000)

If you purchase a condo or home in Ontario as an end-user, the builder will pay the GST/HST rebate of $24,000 on your behalf. However, if the property is purchased as an investment, you will need to pay an additional $24,000 at closing.

There is a way to claim this tax back. The most important requirement is signing a minimum 1-year lease agreement with a tenant.

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Steps to Apply for the GST/HST New Residential Rental Property Rebate

Federal GST/HST Rebate

To claim the federal portion of the GST or HST, complete the GST/HST New Residential Rental Property Rebate Application (Form GST524).

[Link to GST524 Form PDF]

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Ontario HST Rebate

To claim the Ontario portion of the HST, complete the Ontario Rebate Schedule (Form RC7524-ON).

[Link to RC7524-ON Form PDF]

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Required Documents

1. Lease Agreement: A lease agreement with a tenant for a minimum of 1 year.
2. Purchase Agreement: Received when signing the contract with the builder.
3. Statement of Adjustments: Provided by your lawyer at final closing.

Once you have all the required documents, you can submit your GST/HST rebate application online through your personal or business CRA account.

Alternatively, you can mail the documents to the following address:

Sudbury Tax Centre
1050 Notre Dame Avenue
Sudbury, ON P3A 5C1

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