Net of HST Calculator
Purchase Price
Ontario HST 13%View breakdown
374 Martha St, Burlington
Nautique Lakefront Residences
Adi Development Group
Condo
Selling Now
44 West Oak Trail, Barrie
Terra Barrie
Great Gulf
Townhouse / Single Family Home
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1002 Charolais Pl, Ottawa
Richmond Meadows
Mattamy Homes Canada
Townhouse / Single Family Home
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148 Kellington Trail, Whitchurch Stouffville
Upper Stouffville
Fairgate Homes
Townhouse / Single Family Home
Registration
3201 Highway 7, Vaughan
7Central Condos
Graywood Developments, Phantom Developments
Condo
Registration
13193 Keele St, King City
Canterbury Lanes
Camcos Living
Townhouse
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Keele St & King Rd, King
King City Estates
Plaza
Single Family Home / Townhouse
Registration
57 Brock Ave, Toronto
57 Brock Condos
Block Developments
Condo / Townhouse
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293 Stony Hill Boulevard, Markham
Springwater By Mattamy Homes
Mattamy Homes Canada
Townhouse / Single Family Home
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133 Arnold Crescent, Richmond Hill
Arnold & Major Mackenzie Condos & Towns
Acorn Developments
Condo
Registration
1250 Pondside Trail, Oakville
Glen Abbey Encore By Hallet
Hallett Homes
Townhouse / Single Family Home
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31 Dawson Dr, Collingwood
Waterstone
Nexus Developments, Dicenzo Homes
Townhouse
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400 Newman Drive, Cambridge
Westwood Village By Cachet Homes
Cachet Homes
Townhouse / Single Family Home
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193 Nautical Blvd, Oakville
South Lake By Menkes
Menkes Developments Ltd.
Single Family Home
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908 Saint Clair Avenue West, Toronto
908 St. Clair
Canderel Residential Inc., Kingsett Capital
Condo
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Ontario Pre-Construction
Understanding the GST/HST New Housing Rebate
When purchasing a pre-construction home in Ontario, it’s essential to understand the GST/HST New Housing Rebate, which can significantly impact the overall cost of your home. This rebate is typically assigned to the developer and factored into the purchase price, so it’s important to understand how it works and what benefits it offers.
What is the rebate?
The GST/HST New Housing Rebate is a government program designed to help homebuyers recover some of the federal Goods and Services Tax (GST) or Harmonized Sales Tax (HST) they pay when purchasing a new home. In Ontario, where HST applies, the rebate can make a substantial difference in your total cost.
What is included in the rebate?
Who is eligible?
- New home purchase: Newly constructed or substantially renovated, purchased from a builder.
- Primary residence: Buyer or a relation must use the home as their primary place of residence.
- Price caps: Rebate amounts can be limited based on federal and provincial rules and the home price.
How is the rebate applied?
In many pre-construction agreements, the builder applies for the rebate on the buyer’s behalf and credits it within the pricing. Always confirm how the builder is handling the rebate and make sure it is clearly reflected in your agreement.
Calculating the rebate (simplified)
Considerations for buyers
- Builder’s role: Confirm how the rebate is applied and ensure it is stated in writing.
- Price negotiations: Knowing the rebate structure helps you understand your net cost.
- Tax implications: Eligibility and treatment can change based on occupancy and agreement wording.
Conclusion
The GST/HST New Housing Rebate can be a valuable tool for reducing the cost of buying pre-construction in Ontario. Understanding eligibility, how builders apply it, and how it affects net pricing helps you make informed decisions. Always confirm the details in the builder agreement and consult your lawyer or financial advisor for your specific situation.