Net of HST Calculator
Purchase Price
Ontario HST 13%View breakdown
Hwy. 25 and Louis St. Laurent Ave, Milton
Creekside Condos
Sutherland Development Group, York Trafalgar Homes
Condo
Selling Now
Chinguacousy Road & Tim Manley Avenue, Caledon
Ellis Lane By Poetry Living
Poetry Living
Single Family Home
Selling Now
95 Harrison St, Centre Wellington
South River
Gemini Homebuilders
Single Family Home
Selling Now
1555 Midland Ave, Scarborough
Mila
Madison Group
Townhouse / Single Family Home
Selling Now
14 Dominique Street, Kitchener
Trussler West
Fusion Homes
Single Family Home
Selling Now
766 York Rd, Niagara On The Lake
Modero by Marz Homes
Marz Homes
Townhouse / Single Family Home
Registration
15 Sweet Cicely St, Springwater
Midhurst Valley By Brookfield
Brookfield Residential
Single Family Home
Selling Now
2797 Red Maple Avenue, Lincoln
Royal Maple at Jordan Village
Phelps Homes
Townhouse / Single Family Home
Selling Now
111 Blue Mountain Drive, The Blue Mountains
AquaVil
Royalton Homes Inc.
Townhouse / Single Family Home
Selling Now
3008 William Cutmore Blvd, Oakville
ClockWork 4 at Upper Joshua Creek
Mattamy Homes Canada
Condo
Selling Now
1926 Lake Shore Boulevard West, Toronto
Mirabella Luxury Condos
Mirabella Development Corporation
Condo
Selling Now
109 Niagara Street, Toronto
The Essery
Aspen Ridge Homes
Condo
Selling Now
254 Histand Trl, Kitchener
Williamsburg Green
Heathwood
Single Family Home
Selling Now
40 Elderwood Drive, Toronto
Distrikt Forest Hill
Distrikt Developments
Townhouse
Registration
1406 Yonge Street, Toronto
The Hill Residences
Metropia
Condo
Selling Now
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.