New Residential Rental Property Rebate (NRRPR)

We’re here to help you find out if you are eligible for the GST/HST new residential rental property rebate.

Purchased a new home or condo that you’re renting out?

If you’ve purchased a brand new house or condo and plan on renting it out, the builder is not entitled to apply for the HST Rebate on your behalf. You’ll have to pay these taxes upfront, sometimes totalling as much as $30,000. With the help of HST Rebate Specialists, we’ll work to get you these back.

How does it work?

In order for us the successful claim your New Residential Rental Property Rebate, we’ll need:

• A copy of your one-year lease agreement;

• A copy of your agreement of purchase and sale; and

• A copy of your closing statement of adjustments.

The NRRPR is retroactive 2-Years; meaning that you must apply for the rebate within two years of closing your property. If your condo purchase closed within the past two years and the first occupant is a tenant, you are eligible to apply for the NRRPR.  

Sometimes all of this can get confusing. If you are unsure whether you applied or your builder has applied on your behalf, contact us and we’d be happy to help!

Some Important Facts:

• Both Canadian and foreign investors can receive the NRRPR. You do not have to reside in Canada.

• To claim the NRRPR, each residential unit has to be a qualifying residential unit. We can help you determine this.

• A one-year lease agreement is required to prove that the new condo or house will be a rented to a tenant, and not used personally.

• Only after renting the property for 12 months can you re-sell the unit and keep the rebate.

• Investors are required to pay the HST upfront, and later apply for the rebate. Let us help you get everything you’re entitled to.