Net of HST Calculator
Purchase Price
Ontario HST 13%View breakdown
88 Gort Ave, Paris
Parkview I Collection
Losani Homes
Townhouse
Selling Now
1126 Cope Dr, Ottawa
Shea Village
Valecraft Homes
Townhouse / Single Family Home
Selling Now
3008 William Cutmore Blvd, Oakville
ClockWork 4 at Upper Joshua Creek
Mattamy Homes Canada
Condo
Selling Now
5858 Dunn St., Niagara Falls
5858 Dunn St. Niagara
Goldbricks Group
Condo
Registration
214 Carrington Drive, Guelph
Hart Village by Terra View
Terra View Homes
Single Family Home
Selling Now
405 Essa Road, Barrie
405 Essa Road Condos
SEAN
Condo
Registration
900 The East Mall, Toronto
The 9Hundred Condos
Harhay Developments
Condo / Townhouse
Selling Now
253 Markham Road, Toronto
Markham & Dunelm
Options for Homes, Deltera Inc.
Condo / Townhouse
Registration
2 Richard William Drive, Caledonia
Empire Avalon
Empire Communities
Townhouse / Single Family Home
Selling Now
693 Davis Dr, New Market
Kingsley Square
Briarwood Development Group
Condo
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1 Toscanini Road, Richmond Hill
King East Estates
Plaza
Townhouse / Single Family Home
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481 Adelaide St, Arthur
Cachet Arthur
Cachet Homes
Townhouse / Single Family Home
Selling Now
57 Brock Ave, Toronto
57 Brock Condos
Block Developments
Condo / Townhouse
Selling Now
40 Hendon Avenue, Toronto
Parkhaus Urban Towns
Matrix Development Group
Townhouse
Registration
1215 Tamworth Ln, Ottawa
Kanata Lakes by Richcrafts
Richcraft
Townhouse
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.