Plain meaning
A GST/HST rebate framework that can apply to qualifying new or substantially renovated residential rental property, including enhanced relief for some purpose-built rental housing.
Also called
New Residential Rental Property Rebate
Purpose-built Rental Housing Rebate
NRRP rebate
PBRH rebate
Key points
- GST/HST New Residential Rental Property Rebate depends on the eligibility rules set by the relevant tax, benefit, or program legislation.
- Filing an annual income tax and benefit return is often required so CRA can calculate eligibility and payment amounts.
- Amounts may depend on income, family status, age, disability status, residence, expenses, or the type of property or transaction involved.
- Because the support can produce a payment or reduce an amount paid at purchase, timing and documentation can affect household cash flow.
Why it comes up
Rental-housing rebate changes can alter the tax cost of new rental construction and are often linked to housing-supply and affordability policy.