Net of HST Calculator
Purchase Price
Ontario HST 13%View breakdown
175 Eileen Ave, Toronto
The Towns of Lambton Mills
TFC Developments
Townhouse
Selling Now
415 Main St W, Hamilton
Westgate on Main
Matrix Development Group
Condo
Selling Now
6 Newton Reed Cres, Uxbridge
Coppin Forest Estates
Wentworth Homes, Twelve Stone Group, Oxford Developments
Single Family Home
Selling Now
1285 Queen Street East, Toronto
The Poet Condos
Fieldgate Urban
Townhouse / Condo
Selling Now
1776 Liverpool Rd, Pickering
Vupoint Condos 2
Tribute Communities
Condo
Selling Now
70 King St N, Waterloo
Strata Condos
HIP Developments
Condo
Selling Now
952 Sideline 26, Pickering
New Seaton by Tower Hill
Tower Hill Development Corporation
Townhouse / Single Family Home
Selling Now
227 Gerrard Street East, Toronto
The Georgian
Stafford Homes
Condo
Selling Now
12750 Hwy 27, King
Gates of Nobleton
Tribute Communities
Single Family Home
Selling Now
9900 Markham Road, Markham
Markham Gold Phase 2 (Townhouse)
Sunny Communities
Townhouse
Registration
26 King Blvd, King City
Fifth Avenue Homes, King City
Fifth Avenue Homes
Townhouse
Selling Now
58 Glenelg St W, Lindsay
The Railway Lands – Victoria Station Condos
MVW Construction & Engineering Inc.
Condo
Selling Now
Bennington Road & Laplante Street, New Market
Shining Hill by CountryWide Homes
CountryWide Homes
Townhouse / Single Family Home
Registration
68 Churchill Avenue, Toronto
The Winston Collection
Insoho Developments
Townhouse / Single Family Home
Selling Now
376 Lewis Rd, Hamilton
Winona
Losani Homes
Townhouse / Single Family Home
Registration
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.