GST/HST New Residential Rental Property Rebate and YOU as an Investor.

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This guide provides information for landlords of new residential rental properties on the new residential rental property (NRRP) rebate. It also provides information on how to complete Form GST524, GST/HST New Residential Rental Property Rebate Application, and Form GST525, Supplement to the New Residential Rental Property Rebate Application – Co-op and Multiple Units.

This guide is for landlords who, for residential rental purposes:
http://www.cra-arc.gc.ca/E/pbg/gf/gst524/README.html

• purchased newly constructed or substantially renovated housing from a builder;
• constructed, or hired someone else to build, housing or an addition to housing;
• substantially renovated, or hired someone else to substantially renovate, housing;
• converted a non residential property into housing; or
• made an exempt lease or sublease of land to another person.

This guide is not for you if, for example, you:
http://www.cra-arc.gc.ca/E/pub/gp/rc4028/README.html

• purchased a residential rental property and GST/HST was not payable on the purchase (for example, the purchase of an apartment building that is already occupied by tenants);
• are a builder of housing, or an addition to multiple unit housing and you are not considered to have made a taxable self supply; or
• are an individual who purchased or constructed a new house or substantially renovated your existing house for use as your or your relation’s primary place of residence. In this case, see Guide RC4028, GST/HST New Housing Rebate.

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