menu

How to Properly Apply for the New Residential Rental Property Rebate

Date Posted
15 September 2020
In Ontario, the New Residential Rental Property Rebate is available to investors and landlords who rent out a recently purchased property. The NRRP Rebate is only available to the property buyer. Naturally, rebate amounts will vary with the total amount of HST paid out.Before applying for the New Residential Rental Property Rebate, the property buyer must pay the entire HST on the purchased property. Additionally, the landlord or investor must “rent out” the new property immediately and verify that there is a one-year occupancy in place. It’s always important to remember to be cautious of leaseback arrangements with a builder, as it can disqualify you from receiving the rebate.
How to Properly Apply for the New Residential Rental Property Rebate

Here's How to Properly Apply and Complete the Application

It’s not uncommon for landlords and/or investors to question whether the HST rebate applies to their property purchase. The fact is, the rules and regulations can often be confusing. In short, the HST rebate applies to a purchased property (HST paid) that is rented out annually.Clearly, every property purchase is different, and therefore every application is different. With all the application paperwork, supporting documents, and deadlines, things can get frustrating. This is when a professional tax rebate specialist might be the best option for the application.The New Residential Rental Property Rebate is offered through Canada Revenue Agency with application forms available online. Supporting documents are required and include the following:
  • Property information and Statement of Adjustments
  • Final closing date of purchase and possession date 
  • Legal description of property and “fair market value” 
  • Total of HST paid as a portion of the purchase price

Understanding the Eligibility for the HST Rental Property Rebate

If you are buying a residential property for investment purposes, and are planning to rent out the property, you could be eligible for an HST rental property rebate (also referred to as the New Residential Rental Property Rebate). This could be a new-built home or a condominium, but you must have a tenant lease for at least one year.With this type of property purchase, the original builder or developer can’t apply for the rebate on your behalf. The HST rental property rebate comes from Canada Revenue Agency and requires paperwork to be submitted properly and on time. It’s recommended that the application be filed immediately after the real estate deal closes.

Working Closely With the Rebate Experts at Rebate4U

Rebate4U provides professional rebate services for clients throughout Ontario. We have many years of experience with all types of HST rebates, and we have regular interaction with Canada Revenue Agency.Rebate4U clients are assured of applications that are properly filed. We submit the application; we assemble e supporting documents; we submit everything on time; and we handle any issues that may come up.During COVID-19, we continue to provide regular services, while our team works remotely. We provide the same excellent service as always, but under safe “no contact” precautions for both staff and clients.Find out more about our tax rebate services by contacting one of our professionals at 1-800-610-4510 or visit our website at www.rebate4u.ca .

Contact Us

Rebate Calculator

Please enter the total value of your renovation including tax.

Total construction cost
(including taxes)
$
Search Our Blogs

More of our Blogs

27 November 2023

So You Built a New Home, Now What?

If you’ve recently finished building your new property in the last two years, you may be eligible for money back with the HST rebate in Ontario. The program allows homeowners to recover a portion of their HST spent on construction.

View Full Post
17 October 2023

Signs You'll Benefit from the HST Rebate in Ontario

The HST Rebate in Ontario is a valuable and beneficial program available to homeowners in Ontario. Unfortunately, many new home buyers or even long-time homeowners are unaware of the program’s existence or their eligibility. The new home HST Rebate can be nuanced, but with the guidance of an experienced, trusted, and knowledgeable professional like the team at Rebate4U,...

View Full Post
29 September 2023

Benefits of Renting Your Newly Purchased Home

It’s not uncommon for property owners to purchase a new home or condo with the intention of making it their primary residence but then later change their minds to use the newly acquired or built property as a rental unit. Whether you build the home from the ground up or determine that you no longer want to use a newly purchased property from the builder as a home for yourself, there are...

View Full Post
20 September 2023

Experts Tips for Navigating the HST Rebate on Newly Built Homes

The HST rebate in Ontario is a fruitful opportunity for homeowners throughout the region. As housing and building materials costs increase, it’s no surprise that property owners are looking for ways to reduce their investment costs. Offered through Canada Revenue Agency, the new home HST Rebate is a great way to get back some of the money spent on renovating or building a new home. In...

View Full Post
21 August 2023

Tips for Planning Your New Home Rebuild HST Rebate

Rebuilding your home from the ground up can be a daunting undertaking but incredibly rewarding with the right approach and programs like the HST Rebate in Ontario. The New Home HST Rebate allows qualifying residential property owners to recover a portion of their rebuilding costs spent on HST. In Ontario, every sale of services or goods comes with a 13% Harmonized Sales Tax charge, including...

View Full Post
31 July 2023

Identifying HST Rebate Eligible Elements in Your Construction Journey

The HST Rebate in Ontario is an excellent opportunity for property owners looking to undergo major construction. Whether you've recently purchased a plot of land to build a brand new property or are planning to tear down an existing home to its studs and renovate it, the HST Rebate on a newly constructed or renovated home can supplement a significant portion of your costs. So much energy, time,...

View Full Post
24 July 2023

Why Rebuild Damaged Homes with HST Rebate in Ontario

Residential properties can be damaged significantly for a multitude of reasons, from house fires and windstorms to wildfires. Severely damaging properties can be a huge financial expense. But with insurance and Ontario’s HST rebate program, knocking down your property and rebuilding it from the ground up can be the most cost-effective route. Not only are you minimizing your expenses with the HST...

View Full Post
25 May 2023

Guide to HST Rebates & Renovations this Summer

As spring turns into Summer and the pandemic fades into the rearview mirror, more and more homeowners throughout Ontario are embarking on shelved renovation and home construction projects. What many people don’t know is that your construction or renovation of a newly built home can award you significant savings through the HST Rebate in Ontario. Various rebates are available through the Canada...

View Full Post
01 May 2023

How to Cash in on Your Major Home Addition

One of the benefits of residential properties is that homeowners can leverage renovations entirely to customize and upgrade their space. In some cases, this may mean knocking down a property, tearing it down to its studs, and starting over again. In other situations, renovating your home means constructing a major addition. When you work on your home, the cost is a common concern, but with the HST...

View Full Post
31 March 2023

Benefits of Renting Your New Home

If you’ve been thinking about investing in a new home or you’ve put the deposit down on a new home but aren’t quite sure if you’re ready to make a move, the thought of renting may have crossed your mind. With the Ontario HST rebate program, a rental property can be a great option to get some money back on your investment into a new home. The New Residential Rental Property Rebate will buy...

View Full Post
Homeowners, obtain an HST rebate of up to $30,000 today!
get started

Why Choose Rebate4U?

Experienced Specialists

For over 10 years, the Rebate4U team has the knowledge and expertise to help residential property owners throughout Ontario successfully apply for regional HST Rebate programs.

Free Consultations

Our specialists offer complimentary consultations where we review your eligibility to determine whether you qualify for an Ontario HST Rebate so you can proceed with your application confidently.

Millions Awarded

We are able to expertly navigate rebate opportunities, staying up-to-date on the most recent rebate developments and changes in the HST Rebate program to maximize returns. To date, we’ve successfully acquired millions of dollars for clients in total.

Customer Commitment

The Rebate4U team is dedicated to delivering the highest level of customer service, we are here to answer your questions and help you navigate the intracises of your application easily and efficiently.

Cashing-In on the HST Rebate is as Easy as 1-2-3
Contact REBATE4U

Set up a quick, free consultation with the Rebate4U team to explore your HST Rebate options.

COLLECT DOCUMENTS

Submit your required documents to Rebate4U, and we'll handle your application.

GET YOUR Money BACK

Apply for the rebate and receive thousands in rebates in just weeks with Rebate4U.

FIND OUT IF YOU QUALIFY

We are proud to be working with top Canadian companies

Recent Posts view all posts

So You Built a New Home, Now What?

If you’ve recently finished building your new property in the last two years, you may be eligible for money back with the HST rebate in Ontario. The program allows homeowners to recover a portion of their HST spent on construction.

Read More

Signs You'll Benefit from the HST Rebate in Ontario

The HST Rebate in Ontario is a valuable and beneficial program available to homeowners in Ontario. Unfortunately, many new home buyers or even long-time homeowners are unaware of the program’s existence or their eligibility. The new home HST Rebate ca...

Read More
We Are Based

Rebate4U
101-3185 Bathurst St
Toronto ON
M6A 2B2

1-800-610-4510
info@rebate4u.ca

Connect With Us
Error...

Please, enter a valid value

We are sorry...

But the values you entered are invalid

Rebate

In celebration of our 3 year anniversary at Rebate4u Inc, we have decided to reduce our fee structure for all new home and renovation rebates including the New housing rental rebate.  

Don't waste your time looking for anyone else to take care of this because we will not be under sold.
Please fill out the form below or call us at 1-800-610-4510

Please, enter a valid value