Net of HST Calculator
Purchase Price
Ontario HST 13%View breakdown
6100 Regional Rd 25, Milton
The Laurels
Mattamy Homes Canada
Condo
Selling Now
1 Lavender Road, Thorold
Empire Legacy
Empire Communities
Single Family Home
Selling Now
109 Reigate Ave, Whitby
Whitby Meadows By Great Gulf
Great Gulf
Single Family Home
Selling Now
5365 Dundas Street West, Toronto
The Kip District Phase 3
Concert Properties
Condo
Registration
87 Zaduk Place, Guelph
Solterra
Fusion Homes
Townhouse / Single Family Home
Selling Now
16 Branchton Rd, Cambridge
Creekside Trail
Will-O Homes
Townhouse / Single Family Home
Selling Now
1371 Hearns Place, Milton
Hawthorne East Village
Mattamy Homes Canada
Townhouse / Single Family Home
Selling Now
100 Bond Street East, Oshawa
Beyond Condos
Atria Development Corporation
Condo
Registration
28 Freeland Street, Toronto
The Prestige Condos at Pinnacle One Yonge
Pinnacle International
Condo
Selling Now
1864 Lotus Blossom Road, Pickering
Seatonville
OPUS Homes
Townhouse / Single Family Home
Selling Now
5875 Mayfield Road, Brampton
Upper Mayfield Estates
Caliber Homes
Single Family Home / Townhouse
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2 Hildred Cushing Way, Uxbridge
Wyldwood Trail
Oxford Developments
Townhouse
Selling Now
14 Sandstone Street, Cambridge
Westwood Village by Ridgeview Phase 1 and 2
Ridgeview Homes
Townhouse / Single Family Home
Selling Now
8960 Jane St, Vaughan
The Fifth at Charisma
Greenpark Group
Condo
Selling Now
1 Galvin Ave, Caledon
Caledon Club By Fernbrook & Zancor
Fernbrook Homes, Zancor Homes
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.